Singapore tops global maritime cities

Experts expect Singapore to maintain its lead through 2029.

Singapore will maintain its position as the world's top maritime city through 2029, according to the 2024 Leading Maritime Cities (LMC) report from DNV and Menon Economics.

The report cites Singapore's extensive vessel fleets, strategic location, pro-business policies, and leadership in maritime energy transition as key factors reinforcing its status as the top maritime city.

In 2024, Singapore also ranked first in the LMC report, followed by Rotterdam and London.

Cities in the report are ranked based on five pillars: shipping, finance and law, maritime technology, ports and logistics, and attractiveness and competitiveness.
 
Of the five pillars, Singapore ranked in three: shipping, ports and logistics, and attractiveness and competitiveness.
 
“Singapore is undoubtedly the world-leading hub at the forefront of the maritime industry. It appears unaffected by the many changes currently sweeping the sector and is expected to maintain its top spot for the next five years through its implementation of a consistent strategy for innovation and its investment into green transformation and digital technologies,” Shahrin Osman, Business Development Director, Maritime Advisory and co-author of the report said.