Singapore Ranked Top Shipping Hub for the 9th Consecutive Year
Singapore is the top shipping hub again for the ninth year in a row on the Baltic International Shipping Centre Development (ISCD) Index.
The city-state comes in at the number one spot out of the 43 maritime locations assessed on the index. Among the factors that contributed to its success were facilities at the port, business environment, cargo throughput, and maritime facilities. Other factors that made Singapore a clear winner were its comprehensive range of available maritime services and robust infrastructure at the port.
Supportive government policies were also crucial to Singapore clinching the title. A strong collaborative relationship with its tripartite partners was another factor that helped Singapore seal the deal as the number one international shipping hub. London and Shanghai took the second and third spots, respectively.
A Collaborative Commitment Toward Success
Singapore has always been committed to success as a whole, and the maritime industry is no different. The nation continues to grow and innovate, working together to bring Singapore to the next level. This ranking only proves how important collaboration is toward creating synergy across different sectors in the shipping industry.
The Covid-19 pandemic also served as a reminder of how crucial it was to work together. Only by working together could nations across the world come together to address the global challenges faced.
The maritime industry is always working on building its resilience. Thus, Singapore will do its part to continue maintaining its collaborative partnerships and relationships with its maritime colleagues globally. Only in this way can true transformation happen. Particularly where talent development, decarbonisation, and digitalisation are concerned.
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