Estonia has entered the top 100 of the world’s maritime centers

Estonia Ranks 100th Globally in Maritime Centers Index

Estonia has been ranked 100th out of 15,000 maritime centers worldwide in a competitiveness index for the shipping sector. The ranking was compiled by Norwegian maritime economic analysis company Menor Economics on behalf of Estonia’s Ministry of Economic Affairs and Communications with the aim of developing the country’s maritime sector competitiveness. According to Minister of Economic Affairs and Communications, Ахти Кунингас, the positive ranking indicates a correct strategic direction.

He acknowledged that the report identified areas for further development, including enhancing shipping competitiveness, increasing the number of ships registered under the Estonian flag, and bolstering the local maritime industry. The research highlighted Estonia’s generally favorable business environment, attracting companies globally, but noted a lack of focus on maritime shipping. Researchers suggested implementing more motivating support measures and developing a strong maritime cluster.

To address this, the Ministry of Economic Affairs and Communications plans to convene a roundtable on maritime issues and launch a tender for analyzing the maritime cluster and managing projects. Furthermore, the study indicated a need for enhanced legal and banking services specifically tailored to the maritime sector. Currently, the number of legal firms offering maritime services is limited, and the banking sector does not provide specialized services for shipping companies.

The maritime sector in Estonia is viewed as having significant growth potential, driven by the adoption of new technologies and IT developments, including digitalization, unmanned shipping, and “green” technologies to reduce emissions. Researchers recommend increased investment in maritime technology research and development, maritime education, and collaboration with universities. The assessment utilized 25 indicators to compare maritime regions globally, primarily focusing on major port cities given Estonia’s size.

Topics: #rus #postimees #estonia