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Singapore tops Baltic Exchange/Xinhua shipping centre index for sixth year runningSingapore tops Baltic Exchange/Xinhua shipping centre index for sixth year running

Singapore has remained the top international shipping centre for the sixth year running according to Xinhua and the Baltic Exchange annual index which sees no changes in the top eight centres from 2018.

Marcus Hand, Editor

July 11, 2019

1 Min Read
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The Xinhua-Baltic International Shipping Centre Development Index first published in 2014 charted a rise of Asian and Middle East shipping centres. In 2014 the top five featured three European cities – London, Rotterdam and Hamburg in second, fourth and fifth places respectively, with Singapore in the top slot and Hong Kong in third.

In 2019  and 2018 the only European centre in the top five was London in third, with Singapore , Hong Kong, Shanghai and Dubai in first, second, fourth and fifth respectively.

Over the last two years sixth to eighth positions have remained the same with Rotterdam, Hamburg and New York – New Jersey. Only the ninth and tenth positions saw any change between 2018 and 2019  with Houston displacing Tokyo in ninth and Athens moving into tenth in place of Busan.

With Singapore remaining in the top slot for the sixth year running Lam Pin Min, Singapore's Senior Minister of State, Ministry of Transport and Ministry of Health commented: “It is a vote of confidence to the quality of services offered by the Port of Singapore, as well as the conducive business environment that facilitates an array of maritime activities in Singapore.”

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About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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