Singapore retains top spot as international shipping centre
Singapore has kept its position as the world's top shipping hub on the 2021 Xinhua-Baltic International Shipping Centre Development (ISCD) Index for the 8th consecutive year.
Singapore has consistently led Xinhua-Baltic International Shipping Centre Development (ISCD) Index. (Photo: ST)
Singapore (VNA) - Singapore has kept its position as thew🐭orld's top shipping hub on the 2021 Xinhua-Balti🎶c International ShippingCentre Development (ISCD) Index for the 8th consecutive year.
The city-state was followed byLondon (UK), Shanghai (China), Hong Kong (China) and Dubai (United ArabEmirates). The top five rankings wereunchanged from the previous year, despite the COVID-19 pandemic-induced drop in global trade and businessdisruption in 2020, the Baltic Exchange, a global maritimemarket data provider, said in a statement on July 11. The ISCD Index, part of the annual Xinhua-Baltic Report, ispublished by the exchange in collaboration with China’s Xinhua News Agency. The index provides an independentranking of the performance of the world's largest cities that offer port andshipping business services. Singapore has consistently led theindex, thanks to the size of its port, number of internationally focusedshipbrokers, financiers, lawyers and insurers based here, and supportivegovernment policies, according to the Xinhua-Baltic Report 2021. Senior Minister of State for Transport Chee HongTat said as the world’s busiest container trans-shipment and bunkering hub, thePort of Singapore has done well to support global seaborne trade during thispandemic. Singapore’s international maritime centre remains a vibrantmarketplace centred on a strong core of shipping companies and a comprehensivepool of maritime services such as shipbroking, marine insurance, ship financingand maritime law and arbitration, he said./.
Singapore’s support package to help companies and workers affected by the period of heightened alert is expected to cost 1.2 billion SGD (900 million USD), with the amount covered through the reallocation of funds, said Finance Minister Lawrence Wong in the Parliament on July 5.
Singapore and China signed a memorandum of understanding on July 8 on collaboration to improve their air traffic management (ATM) capabilities, in the first such agreement of its kind between China and a Southeast Asian air navigation service provider.
The Monetary Authority of Singapore (MAS) and the Bank of France (BdF) on July 8 announced the successful completion of a wholesale cross-border payment and settlement experiment using central bank digital currency (CBDC).
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Singapore has consistently led Xinhua-Baltic International Shipping Centre Development (ISCD) Index. (Photo: ST) 
