Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

E. China’s Shanghai ranks 4th among international shipping centers

July 14, 2018


Abstract : East China’s Shanghai ranked fourth among the international shipping centers, thanks to rapid development of its modern shipping logistics system and shipping services system, and coordinated development of its regional shipping counterparts.

航运指数

Photo: The launch of 2018 Xinhua-Baltic International Shipping Center Development Index

SHANGHAI, July 14 (Xinhua) -- East China’s Shanghai ranked fourth among the international shipping centers, thanks to rapid development of its modern shipping logistics system and shipping services system, and coordinated development of its regional shipping counterparts, according to an index report recently released by China Economic Information Service (CEIS) of Xinhua News Agency and the Baltic Exchange.

Singapore, Hong Kong and London remain the top three international shipping centers, followed by Shanghai and Dubai, which indicates a strong growth trend in the Asia-Pacific region, said the report.

The index report covers 43 of the world’s largest ports and cities and is designed to bring clarity to investors and governments on the performance of the shipping centers around the world. 

<p>航运指数2</p>

Photo: Change trend of the top ten international shipping centers from 2014 to 2018 

According to the results of the general evaluation of international shipping centers in 2018, the top ten are Singapore, Hong Kong, London, Shanghai, Dubai, Rotterdam, Hamburg, New York, Tokyo and Busan, respectively.

Singapore maintains its leading position for four consecutive years. Thanks to strategic opportunities brought about by the Belt and Road Initiative, Hong Kong overtook London – for the first time in five years – to take the second place.

Compared with the emerging competitors in the Asia-Pacific region, the traditional international shipping centers in Europe and America remain low in the ranking list. London, Hamburg and New York have slipped, Rotterdam being the only exception.

Mark Jackson, CEO of the Baltic Exchange, highly appreciated the improvement achieved by the Asian cities.

He said that location is an important ingredient for success in the shipping industry and plays an important role in dealing with the latest challenges. Chartering decision once made in Europe are now being made in Shanghai,Singapore and Hong Kong and by the Asian shipowners.

In 2014, the “Xinhua-Baltic International Shipping Center Development Index” was introduced to the world for the first time. 

Scan the QR code and push it to your mobile phone

Keyword: China-shipping Xinhua-index

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial