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Singapore ranked number 1 in World Bank shipping survey

Posted by jtsmyth8 on November 6, 2007

Singapore, a major global and logistics hub, ranked first in a new World Bank survey of countries’ capacity to ship goods.

It was the second time this year Singapore topped a World Bank list. In a report on ease of setting up businesses released two months ago, Singapore finished No 1.

At the other end of the trade logistics study were landlocked countries in Africa and Central Asia.

“Connecting to Compete: Trade Logistics in the Global Economy,” a study based on a world survey of freight forwarders and express carriers, indicates that making it easier to connect firms, suppliers and consumers is crucial in a world where predictability and reliability are becoming more important than costs, the bank said. (story)


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