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Oslo – world’s maritime tech capital

The Leading Maritime Capitals of the World Report 2017 was released during Sea Asia Exhibition in Singapore recently. Oslo came out as the Leading Maritime Technology Center globally.

Different cities have been ranked on 47 different indicators clustered under five heads:

  • Shipping Center
  • Maritime Finance and Law
  • Maritime Technology
  • Ports and Logistics
  • Attractiveness and Competitiveness

Oslo emerged as the World Leader for Maritime Technology ahead of Singapore, Tokyo, Shanghai and Busan. Oslo has been ranked Second leading city for Maritime Finance and Law after London and ahead of New York, Singapore and Shanghai. Overall, Oslo emerged as the Third leading maritime city globally, ranked behind Singapore and Hamburg.

Oslo is competing with Hamburg, London and Rotterdam to be the leading city in Europe for maritime activities. Oslo is one of the most attractive cities for maritime companies along with Singapore, Hamburg and London because of excellent education, research and development, and digital competence.

Digitalization is likely to influence the maritime industry in coming years. Oslo, London, Singapore and Copenhagen are best prepared for the digital transformation of the industry. In coming five years, Singapore will maintain its leadership position. However, Shanghai is expected to increase its importance. China, world’s largest trading nation continues to be an important country for the global maritime industry. It has 7 of the world’s 10 largest ports. Dubai is the leading maritime center in the Middle East, India and Africa region.

With increasing urbanization, maritime industry is focusing more on global city regions which are engines of innovation and growth. Hence, cluster dynamics are to be an important factor in deciding the industrial competitiveness.

Oslo’s strength lies in brokerage and shipping finance, maritime law, insurance and technology. Oslo is also strong in maritime technology and efficiency. However, it is facing competition because of higher cost of these high-end products and solutions. Oslo is also a place to go for specialized maritime equipment along with Singapore and Hamburg. After Singapore, Oslo has emerged as the most attractive and competitive city for maritime industry. It has also been ranked second most innovative and entrepreneurial maritime city.

To read the full report, click here.