TOC EventsTelestackCleveland Cascades LtdTBA GroupPort of South LouisianaCimbria
  • Telestack
  • Multimodal 2022
  • Cleveland Cascades Ltd
  • Port of Stockton
  • Van Aalst
  • Cimbria

Singapore still on top

(Posted on 18/04/19)

The Leading Maritime Capitals report for 2019 is has been published, with fresh insight on which maritime metropolises provide the best support for companies in shipping and related services. Criteria include soft and hard infrastructure and access to world-class talent and services – all key components that maritime businesses need to thrive in their chosen locations. The Leading Maritime Capitals 2019 report is made in cooperation between Menon Economics and DNV GL.

Singapore maintained its top position at the head of the 15 leading maritime capitals. Despite a somewhat weak trade cycle in traditional shipping and offshore oil and gas markets yet to recover, Singapore was able to retain its lead in three of the five pillars of the ranking: Shipping, Ports and Logistics as well as Attractiveness and Competitiveness. In the two remaining pillars, London is number one in Maritime Finance & Law, while Oslo is number one in Maritime Technology. On the overall ranking, Hamburg remains in the number two spot, while Oslo drops from third to seventh. Rotterdam and Hong Kong show the biggest improvement, climbing to third and fourth respectively, with London rounding out the top five, and Shanghai at number six.

“Maritime Singapore’s continuous effort to strengthen its attractiveness as an international maritime centre has been well received by the industry. The strong results on both the objective indicators and expert assessments indicate its relevance as a critical node within the maritime sector regionally and globally,” says Shahrin Osman, Regional Head of Maritime Advisory, DNV GL.

Previous editions of the report have grabbed the attention of not only the maritime industry, but the global community. The general public is becoming increasingly aware that the maritime industry is a cornerstone of global trade, and those cities and regions that attract maritime commerce are positioned to command leading roles in the economic future of the world.

For the 2019 report, some new and more comprehensive objective and subjective indicators as well as data sources have been used to ensure that the analysis is based on reliable and complete data for the various cities, which ultimately allow for a more refined benchmarking of the relative performance of each city. “One of the new indicators this year is connected to the tremendous sustainability challenges of the oceans. According to the 200 maritime experts in the study, Oslo stands out as the main centre for ocean technologies and solutions, with a higher score than the combined value of the three next in the rank – Singapore, Copenhagen and Rotterdam”, says Erik W. Jakobsen, partner in Menon Economics.

The subjective indicators reveal the perception and assessment of each capital as seen by selected business executives from all around the globe, primarily shipowners and managers. Of the 200 experts called upon to respond to the survey, around 40 per cent are based in Europe, 30 per cent in Asia, and the remaining 30 per cent in America, the Middle East and Africa.

Asked to look five years into the future, the experts foresee Singapore retaining its top position, but with stronger competition from Shanghai, and Dubai poised to climb into the top five overall by 2024. Hamburg, Rotterdam, London and Oslo are expected to stay strong in Europe.

DNV GL is the world’s leading classification society and a recognized advisor for the maritime industry. We enhance safety, quality, energy efficiency and environmental performance of the global shipping industry – across all vessel types and offshore structures. We invest heavily in research and development to find solutions, together with the industry, that address strategic, operational or regulatory challenges. Menon Economics is an economic analysis and advisory firm, with 50 economists on master and Phd level. Menon has studied the maritime industry for 20 years and has published the biannual report The Leading Maritime Capitals of the World since 2012.

Latest News

IOMSR expands Greek fleet with four bulk carriers

(Posted on 18/05/22)

The Isle of Man Ship Registry is expanding its Greek fleet with an agreement to flag four bulk carriers... Read more


Women climbing the maritime career ladder, but more can be done

(Posted on 18/05/22)

Women are advancing up the Caribbean maritime career-ladder into senior positions – although more... Read more


ClassNK releases PrimeShip-HULL 2022 for new structural rules

(Posted on 12/05/22)

Leading classification society ClassNK has released its design support system “PrimeShip-HULL... Read more


International segments drive solid Algoma performance

(Posted on 05/05/22)

Algoma Central Corporation has reported its results for the three months ended March 31, 2022. Revenues... Read more


Report highlights INTERCARGO members’ commitment to quality

(Posted on 05/05/22)

The International Association of Dry Cargo Shipowners (INTERCARGO) has launched the thirteenth edition... Read more


ClassNK issues AiP for ammonia-ready LNG-fuelled bulk carrier

(Posted on 27/04/22)

Leading Classification Society ClassNK has issued an Approval in Principle (AiP) for the design of an... Read more


Inmarsat combats rising maritime cybercrime with fleet secure UTM

(Posted on 27/04/22)

Inmarsat, the world leader in global, mobile satellite communications, has launched Fleet Secure Unified... Read more


Bulk shipping offering between UAE and Bangladesh

(Posted on 20/04/22)

AD Ports Group has announced that its feeder service, SAFEEN Feeders, has signed a long-term trade facilitation... Read more


CMS and MHSS to support seafarers impacted by Ukraine war

(Posted on 20/04/22)

Columbia Shipmanagement, together with its owning company and its clients, have raised an unprecedented... Read more


Blue Fin Shipping orders six combi freighters from Damen

(Posted on 14/04/22)

Impressed by the outstanding performance of the first two Combi Freighters 3850, German ship owner Blue... Read more


Port of StocktonMultimodal 2022ViganVan AalstThe Wolfson Centre for Bulk Solids Handling Technology Bühler GmbH
  • TOC Events
  • Sailors Society
  • Port of South Louisiana

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping