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Shanghai Ranks 4th in International Shipping Centers for Second Year

Logistic News - Published on Wed, 17 Jul 2019

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The Xinhua-Baltic International Shipping Centre Development Index published in Shanghai reported that Shanghai ranked fourth among international shipping centers for the second consecutive year. The index evaluates the development level of international shipping center cities based on port conditions, shipping services and general environment. Shanghai was ranked behind Singapore, Hong Kong and London. The metropolis was also closing in on London in terms of shipping development levels.

In terms of shipping services, which is one of the core factors determining the competitiveness of shipping centers, Shanghai surpassed Hong Kong for the first time to take the third position.

The report said that the development of top international shipping centers remains generally stable over the years, while the rising trend of shipping centers in Asia is becoming increasingly evident.

Mr Mark Jackson, chief executive of Baltic Exchange, said that “With an ever-increasing proportion of trade moving in, out of and around Asia, it is to be expected that the great port cities of Singapore, Hong Kong and Shanghai should see ever more maritime businesses attracted to them.”

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Posted By : Mohan Sharma on Wed, 17 Jul 2019
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