2022 report of the main maritime cities: Singapore still in the lead, followed by Rotterdam and London, Athens falls one place

JThe 2022 edition of the Leading Maritime Cities (LMC) report was launched today at an event organized by the Singapore Maritime Foundation (SMF), providing new insights into the global hubs offering the best infrastructure, technology, finance and world-class talent, to help the maritime community connect and thrive.

There have been many dramatic developments since the last edition of the LMC report was published in 2019. On the one hand, we are still living with the pandemic. Two years of fluctuating restrictions have caused severe disruptions to trade and travel. Extreme weather events have made us all more aware of the climate crisis, another major driver of change. Shipowners, charterers, cargo owners and lenders are gearing up for a decarbonized future, with rapid adoption of carbon-free fuels expected over the next decade. Ongoing digitization, including ports and the supply chain, will drive efficiencies in support of this transition.

“Cities and maritime clusters generate unique strategies to deal with these global transformations. They will play a leading role in going green, with new business models driving the transition,” said DNV Maritime CEO Knut Ørbeck-Nilssen.

The LMC report is compiled in cooperation between the classification society DNV and Menon Economics. As before, it compares each maritime city based on five key pillars – Maritime Transport, Maritime Finance and Law, Maritime Technology, Ports and Logistics, and Attractiveness and Competitiveness.

Singapore’s solid performance at all levels allows them to retain their top spot in the overall standings. “Singapore takes first place in attractiveness and competitiveness, while winning the title of maritime technology, thanks to the city-state’s relentless focus on digital transformation. Singapore is giving way to Athens and Shanghai respectively in shipping and ports and logistics, and losing ground in maritime finance and law,” notes Dr. Shahrin Osman, Regional Head of Maritime Consulting at DNV and co-author of the report.

Two European cities are also among the top three. “Rotterdam’s 2nd place demonstrates that it is a booming maritime city. Even though it is only 10th in maritime transport, the Dutch hub obtains good results overall and particularly in the areas of Ports & Logistics and Attractiveness & Competitiveness. London is also among the top contenders, dropping from 5th to 3rd place overall, but has lost its previous top spot in maritime finance and law to New York,” says Dr Shahrin Osman.

Fourth and fifth places overall go to their Asian counterparts, Shanghai, followed by the versatile Tokyo.

“The 2022 analysis uses new, more comprehensive objective and subjective indicators, as well as data sources, for each pillar. This facilitates a more accurate benchmarking of each city’s relative performance,” says partner Dr Erik W Jakobsen. de Menon, co-author of the report.

Subjective indicators reveal the perceptions and assessments of 280 invited business leaders – mainly shipowners and managers – from all over the world. In five years, they predict that Singapore will remain number 1, with Shanghai 2nd. London, Oslo and Rotterdam are considered the leaders in Europe, with Dubai and Abu Dhabi competing in the Middle East, India and Africa. Dubai is expected to take 6th place overall by 2027.

Experts consider Singapore, Oslo, Shanghai and Copenhagen to be the best prepared for digital transformation, while Oslo tops the list for sustainable ocean technologies and solutions, followed by Singapore and Copenhagen.

The LMC 2022 report is available for free download at: https://brandcentral.dnv.com/download/DownloadGateway.dll?h=BE1B38BB718539CC0AB58A5FF2EA7A832389666EDA4E0238E13531687BD022D01D70164C9C49D7DDD885DD918D14429F
Source: DNV

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