16.9 C
Hamburg
Saturday, June 7, 2025
Home Most Popular China overtakes Greece as largest shipowning country

China overtakes Greece as largest shipowning country

China has climbed to the top of nations rankings as the largest shipowning country in terms of gross tonnage, according to information from UK data provider Clarksons Research.

The fleet of Chinese shipowners has now reached 249.2 million GT, holding a 15.9% market share with a fleet value of US$180 billion. On the other hand, the ships of Greek vessel owners, who fell to the second place, have reached 249 million GT with a 15.8% market share and a value of US$163 billion.

“China has been more active in the newbuild market (now almost double the Greek-owned orderbook) and more active in Sale & Purchase (S&P),” said Clarksons in its latest weekly report.

Japan follows the two traditional powerhouses of the global shipping industry with a fleet of 181 million GT. South Korea and the United States round out the top five, both with about 66 million GT.





Latest Posts

Port of Long Beach appoints new managing director of engineering services

The Port of Long Beach has appointed Suzanne Plezia, P.E., as its new Managing Director of Engineering Services, succeeding Sean Gamette, P.E., who announced...

DP World and J.P. Morgan launch partnership

DP World Trade Finance has joined forces with J.P. Morgan to enhance access to working capital across emerging markets, addressing the persistent global trade...

Red Sea shipping traffic rebounds as Houthis limit targets

Red Sea maritime traffic has increased by 60% to approximately 36–37 vessels per day since August 2024, as Reuters reported. However, it still falls short...

CMA CGM applies new surcharge from Far East to West Africa

French ocean carrier CMA CGM has announced a peak season surcharge (PSS) for shipments from Northeast Asia, Southeast Asia, China and Hong Kong &...

China to counterbalance Panama setback through South America projects

As geopolitical tensions deepen and shipping lanes become politicized battlegrounds, China is recalibrating its approach to the Western Hemisphere. The recent retreat of CK Hutchison...
error: Content is protected !!