Singapore retains global shipping hub crown 2024!
Singapore remains the world’s leading maritime hub according to multiple global surveys, the latest of which was unveiled today at Singapore Maritime Week. The 2024 Leading Maritime Cities (LMC) report from DNV and Menon Economics saw the Lion City out on top, followed by Rotterdam and London.
The ranking model consists of both objective and subjective indicators for the top 50 maritime cities across five pillars. Each pillar is weighted equally (a weight of 20%) in the global top 50 city ranking. The five pillars are: shipping, maritime finance and law, ports and logistics, attractiveness and competitiveness, maritime technology – the latter of which was noteworthy for the South Korean port city of Busan being crowned top.
