Singapore retained its lead as the world’s top maritime centre in the Xinhua Baltic International Shipping Centre Development (ISCD) Index. This is the 10th consecutive year that Singapore has achieved this.
The latest Xinhua-Baltic ISCD index published this year by the Baltic Exchange and China’s Xinhua News Agency, ranked Singapore as the leading maritime centre among 43 global maritime hubs.
The index provides an independent ranking of the performance of maritime locations on factors including cargo throughput, port facilities, maritime services and business environment.
Singapore’s strategic location, international outlook and established ecosystem of professional global maritime services, as well as good governance, have contributed to the growth of our international maritime centre serving the global community.
The result is a reaffirmation of Maritime Singapore’s competitiveness as an international maritime centre and a global hub port.
Mr Kam Soon Huat, President of the Singapore Organisation of Seamen (SOS), said the award is a global recognition for Singapore as a complete maritime hub; one that also supports the well-being of seafarers with support networks and facilities for them such as drop-in centres.
Acting Minister for Transport and Senior Minister of State for Finance, Mr Chee Hong Tat said the achievement was made possible by the strong support of tripartite partners from the industry and unions.
“We will continue to grow our maritime industry to create more good jobs for our people, and make Singapore the global maritime hub of choice,” he said.
Mr Teo Eng Dih, Chief Executive of the Maritime and Port Authority of Singapore said they would continue to work with international partners, industry, the research and enterprise community, as well as unions to make Singapore the preferred International Maritime Centre.
“We will continue our work with our partners to enhance Singapore’s connectivity, advance digitalisation efforts, and accelerate the decarbonisation of international shipping.”
The Xinhua-Baltic ISCD Index ranking was announced at the 2023 North Bund Forum held in Shanghai and co-hosted by the Shanghai Municipal People’s Government and the Ministry of Transport of China.