Finance and Insurance

Contrasting fortunes for top shipowning nations

London: Statistics from UK online ship pricing vehicle show contrasting fortunes for the world’s top 10 shipping nations. The Chinese merchant fleet is now worth $70.77bn, a decrease year-on-year of 2.6%, contrasting poorly with the global average which saw a growth of 3.2%.

Singapore’s figures for the year stood out, with the Lion Republic’s fleet increasing in value by 25.7% to $38.25bn. Singapore was the second biggest grower, value-wise, in the infographic covering the top 10 shipping nations. The standout by some distance was the US where the value of the American fleet shot up 48.4% to $34.5bn, buoyed by significant spending in the second hand market. Greece remains the world’s most valuable fleet, worth $105.6bn.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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