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Maritime hubs



                                       Finance       Maritime        Ports        Attractiveness    Overall
           Ranking     Shipping
                                       & Law        Technology     & Logistics  & Competitiveness   ranking

              1        Singapore       London         Busan        Singapore        Singapore      Singapore

              2         Athens        New York      Singapore       Shanghai       Rotterdam      Rotterdam


              3          Tokyo          Oslo           Oslo        Rotterdam         London         London

              4        Shanghai       Singapore      Shanghai       Ningbo         Copenhagen      Shanghai


              5        Hamburg         Tokyo         London         Hamburg         Hamburg          Oslo


          and Attractiveness and Competitiveness cate-  Table 2:
          gories. However, it ranks tenth in Finance and   The overall ranking of the top shipping centres by service
          Law and does not lead in any of the pillars.  Source: Leading Maritime Cities 2024
          London reclaimed the top spot in Maritime
          Finance and Maritime Law from New York. In
          the overall ranking, Shanghai remains in fourth
          place, but Oslo overtook Tokyo to take fifth place.
          Below the top five, there are significant changes
          compared to a few years ago. For example, Hong
          Kong, which was in fourth place in 2019, dropped
          to twelfth place this year, although it ranks fourth
          in the ISCDI Report. Athens has also lost ground
          in the overall ranking, although it still ranks sec-
          ond in the Shipping pillar. The reason Athens
          is not at the top lies in the general perception
          that it primarily serves shipping companies of
          Greek interests rather than international shipping
          entities. Consequently, the report notes, com-
          panies of foreign interests are shifting towards
          other emerging centres, such as Singapore and
          Dubai. In fact, despite the war and unrest in the
          region, maritime centres in the Middle East have
          strengthened their position. Dubai improved its
          overall position from the previous edition of the
          report, coming in eleventh. Abu Dhabi made the
          most notable leap, moving up ten places (from   Table 3:
          32nd to 22nd). As the Leading Maritime Cities   The top five maritime centres
                                                  Source: International Shipping Centre
          report notes, this is the result of strategic public   Development Index, Leading Maritime Cities
          policies and consistent investment, which make
          the city a pole of attraction for talent and com-  Ranking         ISCDI               LMC
          panies.
          According to the experts participating in the     1              Singapore           Singapore
          report, Singapore is expected to remain the world’s
          leading maritime city for the next five years, while   2          London            Rotterdam
          Shanghai is anticipated to strengthen its position
          and take second place. The leading city in the   3               Shanghai             London
          European region is Rotterdam, with London and
          Oslo ranked as the leading contenders. Addition-  4              Hong Kong           Shanghai
          ally, experts predict that Dubai will rise in the rank-
          ings and enter the top 5 in the coming years.    5                 Dubai               Oslo


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