Ranking

2021

2020

2019

2018

2017

1

Singapore

Singapore

Singapore

Singapore

Singapore

2

London

London

Hong Kong

Hong Kong

London

3

Shanghai

Shanghai

London

London

Hong Kong

4

Hong Kong

Hong Kong

Shanghai

Shanghai

Hamburg

5

Dubai

Dubai

Dubai

Dubai

Shanghai

6

Rotterdam

Rotterdam

Rotterdam

Rotterdam

Dubai

7

Hamburg

Hamburg

Hamburg

Hamburg

New York

8

Athens/Piraeus

Athens/Piraeus

New York/

New Jersey

New York/

New Jersey

Rotterdam

9

New York/

New Jersey

New York/

New Jersey

Houston

Tokyo

Tokyo

10

Ningbo

Tokyo

Athens/Piraeus

Busan

Athens/Piraeus

The rankings take in port factors including cargo throughput, number of cranes, length of container berths and port draught; number of players in maritime support businesses such as shipbroking, ship management, ship financing, insurance and law as well as hull underwriting premiums; and general business environment factors such as customs tariffs, extent of electronic government services and administration, ease of doing business and logistics performance.

Overall, 43 locations were rated with Singapore achieving a score of 97.2. The average score for a location was 58.8 points.

Baltic Exchange Chief Executive Mark Jackson said:

“This year’s rankings were made on the back of the global pandemic and major disruptions to lives and businesses around the world. Notwithstanding these challenges, the huge infrastructure of people and equipment that supports the global seaborne movement of billions of tonnes of trade held strong. We commend each and every maritime centre covered in the rankings as they have all played an integral role in facilitating these trade flows.”

Xu Yuchang of China Economic Information Service, a subsidiary of Xinhua, said:

“Affected by the COVID-19 pandemic, the international shipping industry has been undergoing significant changes since 2020. Facing such a big challenge, all practitioners in international shipping industry have done incredible jobs to maintain the global logistics stable and reliable and ensure epidemic prevention supplies. China Economic Information Services, in collaboration with the Baltic Exchange, has been working on the compilation and release of the “Xinhua-Baltic International Shipping Centre Development Index” for eight straight years. And now it has been highly recognized by global port and shipping institutions and become an acknowledged assessment tool for international shipping centres.”

Chief Executive of the Maritime and Port Authority of Singapore, Ms Quah Ley Hoon, said:

Singapore is honoured to once again top this prestigious index of global maritime locations. It is an effort of not one but an eco-system of many strong partners. The strong support from our port operators, industry partners, associations and unions has enabled Maritime Singapore to serve the needs of the sector and play its part to keep the global supply chain running amidst the COVID-19 pandemic. We will continue to work closely with our partners to provide a comprehensive suite of marine services, as well as a supportive business environment for shipping and maritime services. This includes supporting the industry on its immediate challenges facing seacrew, and its transformation along digitalisation, decarbonisation and capability development.”