Singapore ranked world’s leading maritime city

Singapore container port volumes up 8.7% in 2018
PHOTO CREDIT: Singaporepsa


Singapore has retained the number one spot in the Leading Maritime Cities (LMC) report conducted by Norwegian classification society DNV and Norwegian consultancy Menon Economics AS. 

The 2022 edition of the LMC report was launched on 13 January at an event hosted by the Singapore Maritime Foundation (SMF), providing fresh insights into which global hubs offer the best infrastructure, technology, finance, and world-class talent, to help the maritime community connect and prosper.

“Maritime cities and clusters are generating unique strategies to cope with these global transformations. They will play a leading role in the green shift, with new business models that drive the transition,” DNV Maritime CEO, Knut Ørbeck-Nilssen, said. 

The report benchmarks each maritime city based on five key pillars – Shipping, Maritime Finance & Law, Maritime Technology, Ports & Logistics and Attractiveness & Competitiveness.

Singapore’s strong performance across the board sees it retain its number 1 spot overall.

“Singapore holds the top slot for Attractiveness & Competitiveness while also scooping the Maritime Technology title, thanks to the city-state’s unrelenting focus on digital transformation,” Regional Head of Maritime Advisory at DNV and the report’s co-author, Shahrin Osman, said.

“Singapore gives way to Athens and Shanghai in Shipping and Ports & Logistics respectively, and losing some ground in Maritime Finance & Law,” Osman noted.

Two European cities feature in the top three as well.

“Rotterdam’s second place demonstrates that it’s a maritime city on the rise. Although only 10th in shipping, the Dutch hub scores well overall and particularly in Ports & Logistics and Attractiveness & Competitiveness. London is also among the top contenders, from 5th to 3rd place overall, however it has lost out its previous top slot in Maritime Finance & Law to New York,” Osman further said.

Fourth and 5th place overall go to Asian counterparts Shanghai followed by all-rounder Tokyo.

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