London: Statistics from UK online ship pricing vehicle VesselsValue.com 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.