Singapore Top Maritime City in the World

Singapore is the leading maritime city of the world, according to the recent report issued by Norwegian consultancy firm Menon.

The report benchmarks the top maritime cities around the world in four maritime sectors: shipping, finance and law, technology, and ports and logistics.

It also presents an overall assessment of the cities’ competitiveness and attractiveness to maritime companies, by using a broad set of objective indicators and building on a comprehensive survey among 200 industry experts located in 33 countries.

Singapore has earned the spot because of its business friendly policies, and strategic location on the trade route between Europe and Asia, the report shows.

“As recently as 10 years ago, Singapore lacked maritime research and education, and the lines between foreign and domestic companies were weak. Today, the city plays a key role in all aspects of the maritime industry,”
the report adds.

Port of Hamburg
Port of Hamburg

Hamburg takes second place and Oslo comes third. Oslo has its strengths within maritime finance and technology, but is beaten overall by Hamburg because of Hamburg’s importance as a European port city. Both cities, together with London and Rotterdam, are fighting to become the leading city in Europe for maritime activities.

London is the world’s leading city for maritime finance and law, while Rotterdam’s strength lies in port and logistics services, the report said.

The increasing importance of China in the maritime industry is evident in the fact of Shanghai joining Hong Kong on the list of top five cities. China is the world’s largest trading nation, has one of the world’s largest shipbuilding industries and six of this world’s ten largest ports are located in the vast country.

Hong Kong is challenged as a maritime hub by the strong growth rate of other Chinese cities.

“Looking five years into the future, our experts predict that Singapore will keep its position as the global leader, while Shanghai is expected to increase its importance and become the second most important maritime city. The race to become the leading city in Europe is still open, between the big four,” Menon said.

The study also predicts Dubai to take the step from being the leading maritime city in the Middle East to one of the leading maritime capitals of the world.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2017 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Maritime Information Warfare 2017

Maritime Information Warfare will focus on the growing need for navies to develop their information exploitation capabilities…

read more >

INTERNATIONAL GREEN SHIPPING AND TECHNOLOGY SUMMIT

The Summit will gather key marine experts and companies around the globe which have a big influence in the industry…

read more >

The CWC 18th Annual World LNG Summit & Awards Evening

The CWC World LNG Summit will continue to give you access to premium networking opportunities as it brings together the who’s who…

read more >

Marintec China 2017

The largest maritime event in Asia Pacific, Marintec China connects maritime professionals from the entire shipbuilding supply chain together.

Over the years, Marintec China has grown to reflect the size and importance of the Asian maritime market. 2015 event is another record-breaking edition with the largest exhibition area and the highest number of industry professionals attending ever. The encouraging figures proven that China remains one of the major shipbuilding nations and Marintec China has been the most authoritative platform in Asia.

With the maritime industry facing great opportunities but also many challenges, it is important for the industry to connect and engage more to ultimately win new business in globally-significant markets. A visit to Marintec China is a great way to learn about the latest technology and innovation of the supply industry, a platform for industry professional to meet face to face, make connection and do business.

Marintec China is poised to be the definitive event and is undoubtedly a must-attend for all involved in the maritime industry.

Marintec China will be held from 5 to 8 December 2017 at the Shanghai New International Expo Centre in Shanghai, China and continue its dedication to serve as the “LEADING” platform “CONNECTING” the community and “STRENGTHENING” the maritime industry.

Marintec China offers the perfect opportunity for companies serving the maritime market to showcase their innovations, products and services to a wide audience. A platform for face to face meetings in business, creating new relationships and consolidating existing ones.

More info

read more >