China has overtaken Greece to turn into the world’s largest shipowning nation by way of gross tonnage, in response to data launched over the weekend by the Shanghai-based China Shipowners’ Association.
China Daily studies that information from Clarksons Research exhibits the fleet dimension of Chinese shipowners has reached 249.2 million GT, accounting for a world market share of 15.9%, about $180 billion in fleet worth. This is barely increased than the 249 million GT of Greek shipowners’ fleet, however Greece maintains the lead on the measure of deadweight tonnage.
Japan ranks third with a fleet of 181 million GT, adopted by South Korea and the United States, each at round 66 million GT.
Chinese house owners at present have practically double the newbuilding orders of Greek shipowners.
Dong Liwan, a professor of shipbuilding at Shanghai Maritime University, mentioned that many Chinese firms are selecting new tonnage to fulfill the IMO’s emissions reductions rules. This contains dual-fuel and LNG fueled orders.
