Leading Maritime Cities report 2022 by DNV and Menon published


There have been many dramatic developments since the last edition of the LMC report was published in 2019. For one, we are still living with the pandemic. Two years of fluctuating restrictions have caused severe trade and travel upsets. Extreme weather events have made us all more acutely aware of the climate crisis, another major driver of change. Shipowners, charterers, cargo owners and lenders are gearing up for a decarbonized future, with rapid adoption of zero-carbon fuels expected over the next decade.


“Maritime cities and clusters are generating unique strategies to cope with these global transformations. They will play a leading role in the green shift, with new business models that drive the transition,” says DNV Maritime CEO Knut Ørbeck-Nilssen.


The LMC report is compiled in cooperation between classification society DNV and Menon Economics. As before, it benchmarks each maritime city based on five key pillars – Shipping, Maritime Finance & Law, Maritime Technology, Ports & Logistics and Attractiveness & Competitiveness.


Singapore’s strong performance across the board sees it retain its number 1 spot overall. “Singapore holds the top slot for Attractiveness & Competitiveness while also scooping the Maritime Technology title, thanks to the city-state’s unrelenting focus on digital transformation. Singapore gives way to Athens and Shanghai in Shipping and Ports & Logistics respectively, and losing some ground in Maritime Finance & Law,” notes Dr Shahrin Osman, Regional Head of Maritime Advisory at DNV and the report’s co-author.


Two European cities feature in the top three as well. “Rotterdam’s 2nd place demonstrates that it’s a maritime city on the rise. Although only 10th in Shipping, the Dutch hub scores well overall and particularly in Ports & Logistics and Attractiveness & Competitiveness. London is also among the top contenders, from 5th to 3rd place overall, however it has lost out its previous top slot in Maritime Finance & Law to New York,” says Dr Shahrin Osman.


About Menon Economics Menon Economics is an economic analysis and advisory firm, with 60 economists on master and Phd level. Menon has studied the maritime industry for 20 years and has published the biennial report The Leading Maritime Capitals of the World since 2012.


Download the report at https://bit.ly/3nrsnsu.


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