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Top 10 Ship Owning Nations

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Top 10 Ship Owning Nations

Using VesselsValue data, Olivia Watkins, Head Cargo Analyst, has compiled a list of the Top 10 Ship Owning Nations globally and provided insight behind the movement within the league table since the end of January 2021

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1. China

China has moved up from 2nd in January to 1st place this time, owning a total of USD 191 bn in assets. China owns the largest number of Containers and, consequently, the recent surge in rates and values has moved them up the ranks to top spot in terms of fleet value…

2. Japan

Japan has fallen from 1st to 2nd place, owning a total of USD 187 bn in assets. This is an increase of over USD 70 bn since January 2021, highlighting the booming Bulker, LPG, and Vehicle Carrier markets…

3. Greece

Greece has bumped its way up to 3rd place in the rankings since January this year. Their total value increased from USD 93.2 bn at the beginning of the year to USD 145 bn. Greece is the largest Tanker owner and although earnings have been lingering at record lows, we have seen increases to spot rates which have brought up values for the entire fleet. Newbuilding values, and hence resale values, have increased between 20-30% across VLCCs, Suezmaxes and Aframaxes since the beginning of the year…

Read the full report here

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