Singapore outshone 43 other global maritime centres and retained its prestigious title as the world’s best maritime centre, according to the latest Xinhua-Baltic International Shipping Centre Development (ISCD) Index.
The ISCD Index evaluates the performance of maritime destinations based on several critical factors, including cargo throughput, port facilities, quality of maritime services, and the overall business environment.
Singapore’s remarkable feat proved its unwavering commitment to excellence in the maritime industry.
Maritime and Port Authority of Singapore chief executive Teo Eng Dih expressed gratitude for Singapore’s continued success and attributed it to the support of the city-state’s tripartite partners.
“We remain committed to fostering an environment that encourages enterprise, innovation, and talent development. We will continue our work with our partners to enhance Singapore’s connectivity, advance digitalisation efforts, and accelerate the decarbonisation of international shipping,” Teo said.
Acting Minister for Transport and Senior Minister of State for Finance, Chee Hong Tat, stated that this growth is geared towards creating more quality employment opportunities and solidifying the city’s position as the preferred global maritime hub.
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