TOC EventsTMS Webinar Series COVID-19: A Leadership Perspective - ‘Scanning the Financial Horizons’TelestackTBA GroupBühler GmbHTMS Ship Finance & Trade Conference 2020
  • Bühler GmbH
  • Sailors Society
  • Vigan
  • TBA Group
  • Port of Vancouver USA
  • Cleveland Cascades Ltd

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

North calls for crew repatriation action

(Posted on 10/07/20)

Leading International Group (IG) Protection and Indemnity member, North P&I has urged maritime stakeholders... Read more


ClassNK joins ISAC

(Posted on 10/07/20)

Nippon Kaiji Kyokai (ClassNK) has joined the Maritime Transportation System Information Sharing and... Read more


Sailors’ Society appoints Sara Baade new CEO

(Posted on 10/07/20)

Global maritime charity Sailors’ Society has announced the appointment of Sara Baade as its new... Read more


Bahamas is top non-European registry

(Posted on 10/07/20)

Highlighting The Bahamas’ reputation as a premier register, the Bahamas Maritime Authority (BMA... Read more


ICS launches engine room safety guidance

(Posted on 06/07/20)

The design, complexity and arrangement of engine rooms across the global shipping fleet vary far more... Read more


North completes Sunderland Marine integration

(Posted on 06/07/20)

North P&I Club has completed integration of the Sunderland Marine Insurance Company Limited business... Read more


New NI President to focus on three challenges

(Posted on 06/07/20)

The newly elected President of The Nautical Institute, Jillian Carson-Jackson has vowed to help the... Read more


ClassNK amendments to class rules

(Posted on 06/07/20)

Leading Classification Society ClassNK has released amendments to its Rules and Guidance for the Survey... Read more


Hydrex repairs bulker scrubber overboard pipe

(Posted on 06/07/20)

Last month Hydrex diver/technicians carried out scrubber overboard pipe repairs in Belgium and the Netherlands... Read more


Four new ultramax bulkers for Norden

(Posted on 01/07/20)

Following the sale of 10 ships since 2018, Dampskibsselskabet Norden has entered into a newbuilding... Read more


Cimbria Bulk Equipment A/SPort of StocktonViganSailors SocietyCleveland Cascades LtdThe Wolfson Centre for Bulk Solids Handling Technology
  • TMS Awards 2020
  • The Wolfson Centre for Bulk Solids Handling Technology
  • TMS Webinar Series COVID-19: A Leadership Perspective - ‘Scanning the Financial Horizons’
  • TMS Ship Finance & Trade Conference 2020

Subscribe to our newsletter

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