Using VesselsValue data, Rebecca Galanopoulos Jones, Senior Content Analyst, analyses the top 10 global ship owning nations, looking into the total fleet values, S&P activity, and top companies of each country. Read the full article here. Please note that end of October 2022 total fleet values in the Top 10 Ship Owning Nations & Regions include the vessel types covered by VesselsValue: Bulker, Tanker, Container, Reefer, Small Dry, LNG, LPG, Vehicle Carriers, RoRo, Cruise, OSV, OCV, MODU and CTV.
1. Japan “Japan has moved back up to 1st after falling to 2nd last year, currently owning a total of USD 196.6 bn in assets. This is an increase of c.USD 9 bn year on year, and is largely due to the current boom in the LNG sector. Out of the top ship owning countries, Japan owns the highest value fleets for LNG vessels at USD 30.3 bn, Bulkers at USD 53.5 bn, Reefers at USD 985 mil, Small Dry USD at 8.8 bn, LPGs at USD 8.7 bn and Vehicle Carriers at USD 22 bn…” Read more.
2. China
“China owns the largest Container fleet both in terms of vessels and values. The unprecedented increase in rates seen over the last two years has boosted the value of the fleet from c. USD 28 bn at the start of 2021 to c. USD 56 bn today. China also owns the largest number of Tankers. Consequently, the recent surge in rates and values has moved China up the ranks to 2nd place in terms of fleet value, up by USD 15 bn from last year to USD 42.5 bn…” Read more.
3. Greece
“Greece has been knocked off the top spot for the number of vessels by China, with 1,466 vessels compared to 1,461 from China. In terms of value, Greece ranks highest with a fleet value of USD 56.2 bn. Improved earnings have sparked renewed interest in this sector, with VLCC earnings at 72,199 USD/Day, the highest levels seen in over two years. This is due to improved demand, alongside the impact of the conflict in Russia and Ukraine…” Read more.
Download the full infographic here.
