MPA Singapore announced that the country has once again clinched the top position, in Menon’s Leading Maritime Capitals of the World Report (“Menon Report”). This is the third edition of the maritime report, where Singapore was also ranked first in 2015 and 2012.
The “Menon Report”, developed by Norwegian consultancy firm Menon Economics, is a study of the world’s leading maritime capitals, by looking at 24 objective indicators and garnering survey responses from more than 250 industry experts across all continents.
Singapore was ranked number one in the following three categories:
- Shipping,
- Ports and Logistics, and
- Attractiveness and Competitiveness.
The results were also satisfying in the remaining two categories: second place in Maritime Technology and fourth place in Finance And Law.
Mr Andrew Tan, Chief Executive of Maritime and Port Authority of Singapore (MPA), said, “We are deeply honoured yet humbled by this recognition from the international maritime industry. This will spur us to work harder to make Maritime Singapore a global maritime hub of choice. We are truly grateful to all our partners and stakeholders for walking with us every step of the way”.
The state emerged first for its strategic geographic location, as well as its position as an important centre for commercial management and the world’s second largest port, MPA said. In addition, the Singapore Registry of Ships is still amongst the world’s top 5 largest ship registries in the world, while it remains one of the world’s busiest ports.
Furthermore, the majority of industry experts surveyed expect that Singapore will handle digital transformation in the maritime industry.
To enhnce the country’s presence in the industry, MPA said that is driving the Sea Transport Industry Transformation Map (ITM) with industry stakeholders, to drive innovation and productivity, and equip the local maritime workforce with skills to take on higher value-added jobs of the future.
