Once again Singapore has been crowned as the world’s top maritime capital. Menon Economics today released the results of its third edition of biannual Leading Maritime Capitals of the World 2017 with Singapore still out in pole. The report is based on five equally weighted pillars – shipping, finance and law, technology port and logistics, and attractiveness and competiveness. 30 cities were benchmarked on 24 indicators. Hamburg placed second, Oslo third, with Shanghai in fourth and London in fifth spot.
Among the biggest climbers of the 30 cities surveyed were Dubai and Copenhagen while the most notable fall since the 2015 report was Hong Kong, down from fourth to seventh.
Erik Jakobsen, a partner of Menon Economics, told delegates attending Sea Asia in Singapore today that the most important element in the Southeast Asian state retaining top spot was down to the government’s long term investments and planning as well as the excellent partnerships forged between public and private investors. On fifth placed London, Jakobsen said: “I don’t think Brexit will have strong consequences for London.”