Singapore retains title as world’s leading maritime hub for the 10th consecutive year

Singapore has been named the world’s top maritime centre for the 10th consecutive year, beating out 43 other global hubs, according to the Xinhua-Baltic International Shipping Centre Development (ISCD) Index. The index evaluates maritime locations based on factors such as cargo throughput, port facilities, maritime services, and business environment. Singapore’s success was attributed to the support of its tripartite partners. The Maritime and Port Authority of Singapore’s chief executive, Teo Eng Dih, expressed the commitment to fostering an environment that encourages enterprise, innovation, and talent development. Chee Hong Tat, acting minister for Transport and Senior Minister of State for Finance, stated that Singapore will continue to grow its maritime industry to create more jobs and establish itself as the global maritime hub of choice.

Singapore’s consistent ranking as the top maritime centre showcases its strong performance in the industry. The city’s success can be attributed to its excellent cargo throughput, port facilities, maritime services, and business environment. The support of its tripartite partners has also played a crucial role in maintaining Singapore’s position at the top. The Maritime and Port Authority of Singapore’s chief executive emphasized the commitment to fostering an environment that promotes enterprise, innovation, and talent development. The government is also focused on enhancing connectivity, advancing digitalization efforts, and accelerating the decarbonization of international shipping.

Singapore’s ambition is to continue growing its maritime industry to create more job opportunities for its people. The city aims to become the global maritime hub of choice, attracting businesses and talent from around the world. With its strong infrastructure, supportive business environment, and commitment to innovation, Singapore is well-positioned to maintain its status as the leading maritime centre. The government is also dedicated to promoting sustainability in the industry, working towards reducing greenhouse gas emissions in shipping. By focusing on these priorities, Singapore aims to further strengthen its position as the top maritime hub globally.

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