Index of best shipping ports announced - List

Index of best shipping ports announced  - List
  • Clock-gray 11:23
  • calendar-gray 29 July 2019

Based on objective factors including port throughput and facilities, depth and breadth of professional maritime support services, as well as general business environment, APA-Economics reports citing Xinhua-Baltic Exchange index.

Acquired by the Singapore Exchange (SGX) in 2016, the Baltic brings together complementary strengths of Singapore and London, two of the world’s most important maritime centres.

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 centres are Singapore, Hong Kong, London, Shanghai and Dubai.

Xu Yu Chang, President of The China Economic Information Service, a wholly-owned company of the Xinhua News Agency, says; “Shipping is an essential method of international trade transportation and has become a significant pillar in the evolution of globalisation. Over the years, the joint index by Xinhua and the Baltic Exchange has become a globally recognisable evaluation tool for shipping centres around the world. In the context of continued globalisation, I believe our index will play an even greater role in optimising the allocation of global shipping resources and promoting the scientific development of international shipping centres in the future.”

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.

Ranking

2019

2018

2017

2016

2015

2014

1

Singapore

Singapore

Singapore

Singapore

Singapore

Singapore

2

Hong Kong

Hong Kong

London

London

London

London

3

London

London

Hong Kong

Hong Kong

Hong Kong

Hong Kong

4

Shanghai

Shanghai

Hamburg

Hamburg

Rotterdam

Rotterdam

5

Dubai

Dubai

Shanghai

Rotterdam

Hamburg

Hamburg

6

Rotterdam

Rotterdam

Dubai

Shanghai

Shanghai

Dubai

7

Hamburg

Hamburg

New York – New Jersey

New York – New Jersey

Dubai

Shanghai

8

New York – New Jersey

New York – New Jersey

Rotterdam

Dubai

New York – New Jersey

Tokyo

9

Houston

Tokyo

Tokyo

Tokyo

Busan

New York – New Jersey

10

Athens

Busan

Athens

Athens

Athens

Busan

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