Singapore retains world’s top maritime city crown.
The city-state, renowned for its extensive owned and managed vessel fleets, strategic geographic advantages, pro-business policies, and leadership in the maritime energy transition, is projected to uphold this position for the next half-decade.
Produced through collaboration between classification society DNV and consultancy Menon Economics, the LMC report furnishes fresh insights into the maritime cities providing optimal policy measures, initiatives, and support. These cities excel in both soft and hard infrastructure and harbor top-tier talent, facilitating connectivity and prosperity for maritime entities and individuals.
Mirroring past editions, the study evaluates each maritime city across five pillars – Shipping Centers, Maritime Finance and Law, Maritime Technology, Ports and Logistics, and Attractiveness and Competitiveness.
“Cities serve as pivotal hubs for knowledge, skills, and innovation. Across diverse sectors, notably in the maritime industry, they vie to attract premier talent, bright intellects, and promising business ventures. Consequently, cities that triumph in these endeavors will guide the green transition and emerge as preeminent maritime hubs globally.
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“Since the last rendition of the Leading Maritime Cities report in 2022, global tensions have sent ripples across the maritime industry. Nonetheless, shipping, as a whole, has displayed remarkable resilience,” remarked Knut Ørbeck-Nilssen, CEO of Maritime at DNV.
Singapore clinched the top spot in three of the five pillars, maintaining its leadership in Attractiveness and Competitiveness and surpassing Athens and Shanghai in Shipping Centers and Ports and Logistics, respectively.