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Singapore retains top shipping centre ranking

Views: 19     Author: Site Editor     Publish Time: 2022-08-02      Origin: Site

The Xinhua-Baltic International Shipping Centre Development Index Report was released, and the ranking of Shanghai International Shipping Centre continued to be the top three, while Singapore still ranked first.

As shown of the report below, Singapore topped the list for the ninth consecutive year with a score of 94.88 (out of 100).


Xinhua-Baltic International Shipping Centre Development Index Report 2022

Singapore retains top shipping centre ranking


The latest results show that the top ten international shipping center cities in 2022 are Singapore, London, Shanghai, Hong Kong, Dubai, Rotterdam, Hamburg, New York/New Jersey, Athens/Piraeus, Ningbo-Zhoushan.


Quah Ley Hoon, Director General of the Maritime and Port Authority of Singapore (MPA) commented: “This (Singapore continues to be number one) is a true reflection of our strong tripartite partnership with Singapore’s maritime partners, industry players and unions. During the pandemic, we have also been reminded of the global nature of shipping and the need to work closely together to address global challenges such as crew changes.”


In fact, compared with 2021, the ranking of the top seven shipping center cities has not changed significantly. Mainly because, on the one hand, the agglomeration and allocation capabilities of shipping resources in leading international shipping center cities have gradually accumulated and entered a relatively stable phased pattern; on the other hand, due to the impact of the epidemic, a large number of port and terminal construction projects have progressed slowly.


Although London has almost no role in port throughput, its deep historical accumulation and strong shipping service capabilities make it still occupy the second place.


And Shanghai, which is moving from "basically completed" to "completely completed" as an international shipping center, also ranks in the top three with a score of 82.79, less than 1 point away from London.


Since it ranked among the top three for the first time in 2020, Shanghai's international status as an international shipping center has become increasingly stable, with highly concentrated shipping resources, sound shipping service functions, excellent shipping market environment, efficient modern logistics services, and continuous enhancement of global shipping resource allocation capabilities. In 2022, Shanghai's score will be 82.79, the gap between the top two is 12.09 and 0.25, and it will continue to narrow from 15.02 and 0.38 in 2021.


Hong Kong, which dropped from second place to fourth place in 2019, is still ahead of the developing UAE Dubai by nearly 4 points. This year marks the 25th anniversary of Hong Kong's return to the motherland. With the coordinated development of the Guangdong-Hong Kong-Macao Greater Bay Area and the country's firm support for the construction of Hong Kong's shipping center, we believe that our Hong Kong will still be in the forefront.


In the top 10 rankings, the Ningbo-Zhoushan region of my country, which entered the top 10 in the world last year, still beat Japan's Tokyo to occupy the 10th place this year. Ningbo Zhoushan Port is the largest port in the world and the third largest container port in the world in terms of container throughput.


The only change in the top 10 was New York/New Jersey moving up to eighth, pushing ship-owning center Athens/Piraeus to ninth. New York/New Jersey's rise in the rankings is attributed to increased container volumes diverted from congested U.S. West Coast ports in 2021.


Mark Jackson, CEO of the Baltic Exchange, commented: "This report serves as a reminder of the importance of inner shipping to global trade and prosperity. It also illustrates that shipping does not exist in silos. The success of maritime hubs in the top 10 is huge. Thanks in part to the cooperation and synergy between different sectors of the shipping industry.”


In the ninth year of the continuous release of the index, the project team appropriately adjusted the index system according to the latest trends in the industry. The latest index includes 3 primary indicators and 16 secondary indicators, and released the list of the world's top 20 international shipping centers for the first time. , in order to fully reflect the comprehensive development level of international shipping center cities.


The main factors considered in the index evaluation are: 1. Port infrastructure, including cargo throughput, number of cranes, container berth length and port draft; 2. Soft power in shipping services, such as ship brokerage, ship management, ship finance, insurance and legal and the number of participants in specialized maritime support operations such as hull insurance premiums; and, 3. general business environment factors such as tariffs, scope of e-government services and logistical performance.


Xinhua-Baltic International Shipping Centre Development Index Rankings 2018-2021

Singapore retains top shipping centre ranking-2


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