Need for varied maritime services
Print Edition
SHANGHAI, the world’s busiest container port, ranked seventh among international shipping centers, the Xinhua-Baltic Exchange International Shipping Centers Development Index showed yesterday.
Singapore ranked No. 1 due to its wide variety of maritime services offered to shippers and the high physical throughput. London and Hong Kong came next. The other top-10 cities in ranking are Rotterdam, Hamburg, Dubai, Tokyo, New York and Busan. The index, launched yesterday, evaluated 46 global shipping centers by their port facilities, maritime services and overall environment.
“A fully-fledged and modern shipping center needs to demonstrate a full range of services for cargo exports and imports, container traffic and maritime services including shipping brokerage, finance and insurance,” said Jeremy Penn, CEO of the Baltic Exchange.
Marcus Lee, chief representative in China of the exchange, said Shanghai lags in provision of maritime services.
He said new policies “are constantly issued to attract international businesses as Shanghai is striving into a recognized international shipping center by 2020.”
Shanghai remained the world’s busiest container port in 2013 as its throughput rose 3.3 percent to a record 33.6 million TEUs (twenty-foot equivalent units). It beat Singapore in 2010 to become the world’s biggest container port.
The index, the first of its kind that measures shipping centers worldwide, was jointly launched by CFC Holding Co, a subsidiary of Xinhua news agency, and the Baltic Exchange.
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