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Singapore Retains World’s Top Maritime Center for 10th Consecutive Year

‘We thank our international partners, industry, the research and enterprise community, as well as unions for the achievement,’ said Teo Eng Dih, Chief Executive of MPA.

Singapore retained its lead as the world’s top maritime center in the Xinhua- Baltic International Shipping Centre Development (ISCD) Index. This is the 10th consecutive year that Singapore has achieved this, according to the Maritime and Port Authority of Singapore (MPA) on Friday (22 September).

The latest Xinhua-Baltic ISCD index published this year by the Baltic Exchange and China’s Xinhua News Agency, ranked Singapore as the leading maritime center among 43 global maritime hubs.

The index provides an independent ranking of the performance of maritime locations on factors including cargo throughput, port facilities, maritime services and business environment.

Singapore’s strategic location, international outlook and established ecosystem of professional global maritime services, as well as good governance, have contributed to the growth of our international maritime center serving the global community.

“Singapore is honored to top the Xinhua-Baltic International Shipping Centre Development Index for the 10th consecutive year,” said Chee Hong Tat, Acting Minister for Transport and Senior Minister of State for Finance.

“This was made possible by the strong support of our tripartite partners from the industry and unions. We will continue to grow our maritime industry to create more good jobs for our people, and make Singapore the global maritime hub of choice.”

“We thank our international partners, industry, the research and enterprise community, as well as unions for the achievement. Together, our strong tripartite relationship has supported the development of Singapore as the preferred International Maritime Centre,” added Teo Eng Dih, Chief Executive of the MPA.

“We remain committed to fostering an environment that encourages enterprise, innovation, and talent development. We will continue our work with our partners to enhance Singapore's connectivity, advance digitalization efforts, and accelerate the decarbonization of international shipping.”

The Xinhua-Baltic ISCD Index ranking was announced at the 2023 North Bund Forum held in Shanghai and co-hosted by the Shanghai Municipal People’s Government and the Ministry of Transport of China.


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