Shanghai port secures second place in global ranking, overtaking London

Shanghai has risen to second place in the latest global shipping centre ranking, marking the city’s highest-ever position and overtaking London, amid China’s push to become a maritime powerhouse. The Xinhua-Baltic International Shipping Centre Development Index (ISCDI), an annual ranking jointly compiled by China’s state-owned Xinhua News Agency and British maritime information provider Baltic Exchange, released its yearly report on Friday. First launched in 2014, the index evaluates global hubs