Singapore takes top spot again as world's maritime capital: report

SINGAPORE has retained the top spot as the maritime capital of the world for the third consecutive time.

The third edition of Menon's Leading Maritime Capitals of the World Report was launched at the Singapore Maritime Week 2017 on Wednesday.

Singapore was also ranked first in 2012 and 2015 by the study, which looks at 24 objective indicators and garners survey responses from more than 250 industry experts across all continents.

Singapore was ranked number one in the following three categories: shipping; ports and logistics; and attractiveness and competitiveness.

Singapore came in second place in maritime technology - it ranked fifth previously - and took the fourth spot in finance and law.

Andrew Tan, chief executive of Maritime and Port Authority of Singapore (MPA), said: "We are deeply honoured yet humbled by this recognition from the international maritime industry. This will spur us to work harder to make Maritime Singapore the global maritime hub of choice. We are truly grateful to all our partners and stakeholders for walking with us every step of the way."