SINGAPORE, April 19 (Xinhua) -- A promotional event of Xinhua-Baltic International Shipping Center Development Index was held in Singapore on Monday, attracting global representatives from shipping and finance industries to share insights.
The promotional event was part of the shipping index's global tour, the second stop after its Ningbo stop in east China in 2023. Singapore has been at the top of the list in terms of comprehensive strengths of international shipping centers for ten consecutive years, according to the index reports.
The index, jointly launched by China Economic Information Service (CEIS) and the Baltic Exchange in 2014, has become a major reference standard for the construction of international shipping centers with growing attention from major global shipping centers.
Photo taken on April 15, 2024, shows Jin Yu Cheong, head of Baltic Exchange Asia, delivers a speech at Xinhua-Baltic International Shipping Center Development Index Singapore stop.
The index could reflect the true pulse of global shipping industry, and show the broad prospect of maritime trade and the global maritime capabilities, which makes it an asset for all stakeholders in the industry to conduct strategic planning, policy-making and investment choices, said Jin Yu Cheong, head of Baltic Exchange Asia, at the event.
He added that the index highlighted the role of port cities of strategic importance. These cities are not only transit points, but also dynamic economic and logistics centers.
Photo taken on April 15, 2024, shows Cao Zhanzhong, chairman of Xinhua Index, delivers a speech at Xinhua-Baltic International Shipping Center Development Index Singapore stop.
Cao Zhanzhong, chairman of Xinhua Index, pointed out that shipping, trade and finance are in one integral system, which requires joint efforts from governments, enterprises, financial institutions and international organizations, so as to inject a strong impetus into global resource allocation and make it an important engine for promoting the development of the world economy.
Teng Yahui, deputy general manager of Ningbo Zhoushan Port Company Limited, also joined the event, sharing the digitalization experience of Ningbo Zhoushan Port.
He also added that smart logistics can play an important role connecting banks and e-commerce businesses.
Shen Zhonghao, head of international business of CEIS Shanghai Headquarters, said that the CEIS is committed to bridging information gaps, and making cross-border finance safer, quicker and more efficient.
In addition, Guangzhou Port and Xiamen Port from China also introduced their latest achievements and innovative practices through videos at the event.
(Contributed by Liu Chuntao, edited by Li Shimeng with Xinhua Silk Road, lishimeng@xinhua.org)
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