DNV GL and Oslo-based Menon Economics have published the third edition of the influential The Leading Maritime Capitals of the World report, which benchmarks the world’s top maritime hub cities against five criteria: shipping, finance and law, maritime technology, ports and logistics, and overall attractiveness and competitiveness. This objective analysis is supplemented by a survey of more than 250 industry experts from around the world.
The report ranks Singapore as the world’s leading maritime capital, which was placed in the top five against all five objective criteria. Hamburg is placed second, followed by Oslo, Shanghai and London.
In the Middle East, India and Africa, Dubai is the leading maritime centre. The city has strengthened is position compared to the 2015 report, moving up from 13th to 10th overall. Dubai is moreover ranked the 5th highest maritime city in terms of attractiveness and competitiveness, behind Singapore, Oslo, Copenhagen and Hamburg.
Dubai is expected to rise higher still, now that it has broken into the Top 10 worldwide. Indeed the expert assessment predicts that the city will continue to grow in stature and will become the 6th most important maritime centre by 2022.
Shahrin Osman, Senior Principal Consultant, Head of Maritime Advisory, DNV GL, says, “We are pleased to cooperate with Menon on what we believe to be a very important report on location competitiveness, which helps leading maritime cities to develop their own unique selling points. They can gain an insight into how they are performing against their peers and get a better understanding as to what maritime companies are looking for in terms of situation and location.”
In particular, Mr Osman points out, the report highlights the importance of having a favourable political framework, a pro-business outlook and sound and predictable legal structures.
The report is also valuable to leading maritime companies. Through the report they can assess what are the best locations for investment, and possible relocation. “They can get a better understanding of the supplier networks in a particular location that can support them, the talent available and access to capital funding, for example,” Mr Osman adds.
DNV GL is one of the world’s leading classification societies and has a presence in all of the world’s leading maritime cities. “We have a deep understanding of the maritime sector and what makes it work,” says Mr Osman. “We have a holistic perspective on the shipping business and expert insights on maritime technology, and together with the boutique economic consultancy skills offered by Menon, we have been able to make a valuable contribution by developing this report.”
For a complementary copy of the Leading Maritime Capitals report, please click here.