LONDON has topped a ranking of maritime service centres published by the Baltic Exchange and Xinhua, China's official news agency, while Singapore leads the overall list for combined port and maritime services.
The International Shipping Centre Development Index (ISCD) covers 46 of the world's largest ports and cities and is designed to bring clarity to investors and governments on the relative performance of shipping centres around the world.
London takes second place on the overall index, closely followed by Hong Kong. All three cities have large port facilities and support comprehensive maritime business service sectors.
Shanghai has moved up to sixth place, overtaking Dubai. Tokyo has dropped out of the top 10 with Athens taking its place at number ten.
Of the top ten global shipping centres, four are in Asia, four in Europe, one in the Middle East and one in the US.
The report also provides a supplementary ranking, grading cities based solely on the breadth and depth of their maritime services sector. London tops this ranking, followed by Singapore, Hong Kong, Shanghai and Athens.
Commenting at London International Shipping Week, Baltic Exchange CEO Jeremy Penn said: "Singapore and London have continued to thrive for many reasons not least because of their locations, experience, strong legal frameworks, tax frameworks and the ease of doing business.
"As an international shipping organisation with members all around the world, the Baltic finds this report useful for demonstrating to governments the important role that a successful shipping centre plays for any country. Ports and the professional maritime services sector are big employers bringing international revenues to national economies," Mr Penn said.
The index is based on evaluations of the following:
1) Maritime services: Brokerage, maritime legal services, arbitration, shipping finance, ship management, maritime insurance, ship engineering and ship repairs.
2) Business environment: Economic freedom, tariffs, logistics efficiency and developed infrastructure, official corruption, transparency, national IT and communications development.
3) Port Conditions: Container and commodity cargo volume, port depth, container berths, number of quay cranes.
A full copy of the report can be downloaded from https://www.dropbox.com/s/8u24rk6s7bo43mp/2015 per cent20Xinhua per cent20- per cent20Baltic per cent20Exchange per cent20Index per cent20report per cent20_English.pdf?dl=0
WORLD SHIPPING
14 September 2015 - 20:12
London, S'pore, HK top Xinhua/Baltic Exchange maritime services ranking
LONDON has topped a ranking of maritime service centres published by the Baltic Exchange and Xinhua, China's official news agency, while Singapore leads the overall list for combined port and maritime services.
WORLD SHIPPING
14 September 2015 - 20:12
London, S'pore, HK top Xinhua/Baltic Exchange maritime services ranking
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