The 2024 edition of the Leading Maritime Cities of the world (LMC) report was launched today (15 April). The LMC report is a collaborative effort between Menon Economics and the classification society DNV.
More than 15,000 cities are benchmarked on 45 different indicators. 190 maritime experts from all over the world have contributed with their subjective assessments of the cities.
For the 2024 report, the report’s objective and subjective indicators are refined by incorporating recent key trends in the sector, such as the green transition. As before, each maritime city is benchmarked based on five key pillars:
- Shipping centres
- Maritime Finance & Law
- Maritime Technology
- Ports & Logistics
- Attractiveness & Competitiveness
Singapore has a strong performance across the five pillars and keeps its number one spot overall, followed by Rotterdam, London and Shanghai. Oslo takes the 5th place on the total ranking – an increase from 7th place in the 2022 edition – due to a strong position within maritime technology (3rd, behind Busan and Singapore), as well as finance & law (3rd, behind London and New York). Hong Kong showed the greatest decline, falling from 6th in 2022 to 12th..
The 2024 report is the fifth edition of the Leading Maritime Cities report since 2015. Publication today coincided with the start of Singapore Maritime Week.
