Global EditionASIA 中文双语Français
Business
Home / Business / Industries

China becomes world's largest ship-owning country

By Zhong Nan | chinadaily.com.cn | Updated: 2023-08-13 12:59
Share
Share - WeChat
A shipbuilding dock of Jiangsu New Yangzi Shipbuilding Co, a subsidiary of Jiangsu Yangzijiang Shipbuilding Group, in the Jiangyin-Jingjiang industrial park of Jiangsu province. [Photo by Jiang Xueqing/China Daily]

China, measured by gross tonnages, has surpassed Greece to become the world's largest ship-owning country, according to information released by Shanghai-based China Shipowner's Association on Saturday.

Citing data from the United Kingdom-based Clarkson Research, China's ship-owning fleet currently has reached a total tonnage of 249.2 million GT, accounting for a market share of 15.9 percent, or about $180 billion in fleet value.

This is slightly higher than Greece's ship-owning fleet of 249 million GT, with a market share of 15.8 percent, or valued at around $163 billion, said Clarkson Research's study.

Japan ranks third with a fleet of 181 million GT, followed by South Korea and the United States, both at around 66 million GT.

GT is a nonlinear measure of a vessel's overall internal volume. It is different from gross register tonnage.

Stephen Gordon, an analyst from Clarksons Research, said that China's growth in ship fleet size should not come as a surprise, given its formidable cargo scale, well-developed shipbuilding industry and increasingly active financial sector.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE