Singapore Secures Top Spot as International Shipping Centre for Ninth Consecutive Year

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Singapore secured its lead as the world’s top maritime centre in the Xinhua-Baltic International Shipping Centre Development (ISCD) Index. This is the ninth consecutive year that Singapore is ranked first on the index. 

2. The ISCD index is published by the Baltic Exchange, a global maritime data provider, in collaboration with Chinese state news agency, Xinhua. The index provides an independent ranking of the performance of 43 maritime locations on factors including cargo throughput, port facilities, maritime services and business environment. Singapore is ranked first, based on its robust port infrastructure, a comprehensive range of maritime services and supportive government policies.

3. Mr Chee Hong Tat, Senior Minister of State for Finance and Transport, said, “Maritime Singapore’s continued success as a leading maritime hub would not have been possible without the strong collaboration between our tripartite partners. I thank our industry and unions for their resilience during the pandemic. We will continue to innovate and grow together, and bring Maritime Singapore to greater heights.” 

4. Please refer to the Xinhua-Baltic International Shipping Centre Development Index at, and the Annex for additional quotes from industry partners.

Annex: Additional quotes from industry partners