The index provides an independent ranking of the performance
of the world’s largest cities that offer port and shipping business services.
Based on objective factors including port throughput and
facilities, depth and breadth of professional maritime support services, as
well as general business environment, the report is a collaboration between the
Chinese state news agency, Xinhua, and international freight benchmark provider,
the Baltic Exchange.
In the six years since this report has been published, there
has been a general rise in the performance of Asian and Middle Eastern
locations. The first report in 2014 included three European locations in the
top five — in 2019 only London remains.
The top five international shipping centers in 2019 are
Singapore, Hong Kong, London, Shanghai and Dubai.
“Singapore commands a strategic position as a maritime hub
in the regional and global arena. The maritime industry is, and will remain, a
big contributor to Singapore’s economy and it is therefore important that we
continue to innovate and invest in this sector to achieve long-term success,”
Lu Su Ling, Head of Baltic Exchange Asia, commented.
Based on the evaluation scores, Singapore shows strength in
ship management and shipbroking services, while Hong Kong is benefiting from
China’s Belt and Road Initiative and economic opportunities in the
Guangdong-Hong Kong-Macau Greater Bay Area.
London’s first-class services in shipbroking, legal and
shipping finance were highlighted. As important cities in emerging economies,
Shanghai and Dubai are catching up with London in their level of shipping
development and were ranked fourth and fifth respectively.
Among the top ten international shipping centers in 2019 are
also Rotterdam, Hamburg, New York – New Jersey, Houston and Athens.