World Merchant Fleet Continues To Expand
THE WORLD MERCHANT FLEET c o n - tinued to expand between 1989 and this year, and has reached the second highest level ever, latest figures show.
Annual statistics confirm that the fleet is set firmly in an expansion phase after six years of recession, between 1982 and 1988. By the end of June, the world fleet had risen to 423.6 million tons gross, an increase of 13.1m tons on the year.
The figures reveal that Liberia has overtaken Panama as the leading country of registration with 54.7m tons, but this level is still more than 30 percent down on Liberia's total of 80.3m.
Panama has been pushed into second place with 39.3m tons, followed by Japan (27.1m), the U.S.S.R.
(26.7m), Norway (23.4m), the U.S.
(21.3m) and Greece (20.5m).
Panama's fall and contraction of 8. lm tons in its flag fleet ended a period of strong growth which, despite the turnaround in 1989/ 90, has seen the fleet grow by 62 percent in ten years.
Fleets showing the biggest increase in 1990 are Norway, inn eluding Norwegian International Shipping register (NIS), up 7.8m tons, and Liberia, up 6.8m tons.
The fortune of the British fleet continues to dive with its 15th consecutive fall in tonnage to 6.7m tons. The U.K. has seen the largest fall of any of the major shipowning nations in its flag fleet over both five and ten-year periods, with losses of 53 percent and 75 percent respectively.
Of other European Community members, all except Denmark and Luxembourg with their minimal i n c r e a s e s , show a decline over the last five years.
Apart from the U.K., France has been particularly badly hit, losing half its tonnage.
The proportion of the world fleet over ten years old has increased to more than 63 percent of the total, compared with 41 percent in 1980. The picture is even more worrying among tankers with 73 percent of ships over ten years old.
Germany had the most modern fleet at the end of June—69 percent of the fleet was less than ten years old, followed by Japan with 66 percent.
Other stories from January 1991 issue
- New Exxon Plant Provides Customer-Specific Product Blends For Marine Industry page: 8
- 1991 Ship Production Symposium Issues Call For Papers page: 8
- Thames Operator Buys High-Tech Catamarans page: 9
- World Merchant Fleet Continues To Expand page: 10
- Gerard Technology Offers New Generation Of Teamtec/Golar Incinerators page: 10
- First Of Four Parcel Tankers Being Built For Stolt Named At Kleven Floro Yard In Norway page: 11
- Mackay Communications Announces Key Promotions page: 11
- Fairbanks Morse Increases Service For Pielstick And Fairbanks Morse Engines page: 12
- More Foreign Nations Under FMC Investigation For Shipping Practices page: 12
- Captain Leback Honored At SUNY Maritime College page: 14
- Hopeman Bros. To Supply Joiner Systems For Viking Serenade Project page: 15
- Hatch & Kirk Offers Engine Control Panel page: 15
- U.S. Navy Secretary Participates In LCAC Trial page: 17
- BP Adds Cargo Controls To S/T Keystone Canyon page: 17
- High-Speed Innovative Containership To Be Designed By Japanese page: 18
- CRUISE SHIPPING '91 Conference & Exhibition page: 20
- 10 MILLION PASSENGERS PER YEAR BY 2000, ANALYSTS SAY page: 24
- VIS Introduces New Vessel Instrumentation And Alarm System page: 26
- Sea Recovery Provides Custom- Or Pre-Designed Reverse Osmosis Units page: 27
- Meyer Werft Delivers Eighth Passenger Ship For Indonesia page: 28
- Kvaerner Delivers New Flying Cat High-Speed Catamaran To Greece page: 29
- New Simrad Echo Sounder Goes Into Operation page: 29
- OUTSTANDING PASSENGER VESSELS OF 1990 page: 30
- Aluminum Boats Delivers 85-Foot Crewboat— Sixth Built For Land And Marine page: 42
- Deway Marine & Industrial Patents New Seal For In-Water Shaft Repair page: 43
- Former Leading U.S. Builder Becomes Leading U.S. Repairer page: 46
- National Association Of Passenger Vessel Owners Annual Convention And Exhibition page: 48
- ABS Forms Strategic Marketing Team To Promote LNG Expertise page: 50
- Singmarine Launches RO/RO Container Vessel page: 50
- Jerald Tinkey Joins Ingram Barge Company page: 50
- World's Largest Refrigerated Cargo Ship, Built By Danyard A/S, Enters Service —First Of Class— page: 52
- Seventeen Additional RRF Vessels Activated For Persian Gulf Crisis page: 53
- Harbor Dredging Begins To Pay Off page: 54
- Marathon LeTourneau Announces Organizational Changes page: 54
- Thordon's 'Thor-Lube' Bearing System Combines Improved Performance, Ecological Safety page: 55
- Underwater Propeller Polish Produces 12 Percent Fuel Saving For QE2 page: 56
- Swiftships Launches Detroit Diesel-Powered Custom Motoryacht page: 56
- Keel-Laying Ceremony For Double-Bottom Tanker Held At IHI's Aichi Yard page: 58
- Subtech '91 Issues Call For Papers page: 58
- Two Models Of Zodiac's Rigid Inflatable Boats (RIB) Chosen By U.S. Navy page: 59
- Furuno Again Honored At Annual NMEA Awards Banquet In Florida page: 59
- Tenth Maritime Seminar Set For New Orleans, January 10, 1991 page: 60
- Marine Training School To Use S/S Annabella As LNG/LPG Training Ship page: 60
- U.S. Merchant Fleet Development Urged By Shipping Executive At New Orleans Conference page: 60
- Goudy & Stevens Shipyard Integrates Automated Layout, Cutting Processes In Building Largest U.S. Oil Skimmer page: 61
- $8.13 Million Conversion Contract Awarded Keppel page: 61
- Great Lakes Dredge Buys Barker Boys Creek Towing page: 62
- IDB-A Joins Cruisephone To Offer Services To Leisure Markets page: 63
- EES Announces New Sewage Treatment System page: 63
- Spectra Composites Take Undersea Exploration To Greater Depths page: 64
- International Conference On Underwater Welding Set For New Orleans page: 64
- Aqua-Chem To Move To New Location In Milwaukee, Wis. page: 64
- Atlantic Marine Acquires Floating Drydock With 225,000-DWT Lift Capacity page: 65
- Aqua Signal Supplies Lighting Systems For Cruise Ships page: 65
- Port Facilities Engineering Seminar Set By AAPA For January 28-30, 1991 page: 66