Page 84: of Maritime Reporter Magazine (June 2003)

2003 Yearbook • Statistics

Top 20 World Merchant Fleets by Country of Owner

Self-Propelled Oceangoing Vessels 1,000 Gross Tons and Greater

As of January 1, 2003 (Tonnage in Thousands)

Tanker Dry Bulk Full Container Other* Total

Country No. Dwt No. Dwt No. Dwt No. Dwt No. Dwt

Greece 807 64,967 1,301 72,285 146 4,709 661 6,913 2,915 148,873

Japan 767 37,110 868 51,891 219 7,132 868 8,236 2,722 104,368

China 314 7,200 578 24,398 210 4,401 931 7,630 2,033 43,629

Norway 425 24,956 168 10,552 19 623 463 6,570 1,075 42,701

Germany 179 6,488 156 6,097 793 21,382 896 6,285 2,024 40,252

United States 337 27,378 115 5,563 84 2,893 354 4,412 890 40,247

Hong Kong 142 14,546 260 17,794 37 1,416 112 1,617 551 35,372

Korea 215 7,638 178 13,422 97 2,486 265 1,521 755 25,067

Taiwan 43 3,532 167 10,279 201 7,016 105 818 516 21,645

Singapore 287 10,268 64 2,518 135 2,993 125 1,009 611 16,788

Denmark 155 7,480 23 1,449 130 6.239 243 1,351 551 16,518

United Kingdom 136 7,198 45 4,018 83 3,227 244 1,949 508 16,392

Russia 389 >7,637 115 1,855 33 793 1,124 4,466 1,661 14,751

Italy 232 5,160 66 4,509 13 322 155 2,209 466 12,200

Saudi Arabia 74 10,588 1 2 1 68 17 305 93 10,963

India 106 5,471 111 4,461 3 87 57 348 277 10,366

Turkey 95 1,464 138 5,357 34 383 257 1,654 524 8,858

Iran 32 4,428 43 1,915 7 179 43 725 125 7,247

Sweden 123 5,345 8 67 160 1,490 291 6,901

Belgium 61 4,736 16 1,859 2 13 37 255 116 6,863

All Other 2,372 72,601 1,363 58,767 687 18,222 5,635 33,686 10,057 183,276

Grand Total 7,261 336,189 5,784 299.059 2.934 84,583 12,752 93,448 28,761 813,279 1 Based on parent company nationality. (Dwt) = Deadweight Tons * Roll-on/Roll-off, Passenger, breakbulk ships, partial containerships, refrigerated cargo ships, barge carriers, and specialized cargo ships

Source: U.S. Maritime Administration - www.marad.dot.com

World Order Book

Merchant Vessels 10,000 DWT and Over Tankers. Bulk Carriers and Full Containerships — As of January 1, 2003

Vessel

Type

Number of Vessels

World Order Book

Total

DWT (Millions)

World Merchant Fleet

Total

Number of Vessels

DWT (Millions)

Order Book

Percent of

World Total

Tankers

Total Dwt 10,000 - 69,999 70,000 and over 746 414 332 63.1 16.8 46.3 3,871 2,446 1,425 320.8 83.4 237.4 19.7 20.1 19.5

Bulk Carriers 390 28.6 5,294 296.4 9.6

Full Containerships

Total TEU's under 2.000 2.000 • 3.999 4.000 and over 261 55 85 121

Total TEU (Thousands) 978,8 72.1 234.6 672.1 2,322 1,163 745 414

Total TEU (Thousands) 5,698.90 1,461.20 2,095.30 2,142.40 by TEU 17.2 4.9 11.2 31.4

Source: U.S. Maritime Administration - www.marad.dot.com

Age Profile of World Merchant Fleet

Greater than 10,000 DWT — (Million DWT) < 1972 1972 - 1981 1982 - 1991 > 1991

Containershipsl 0.7 5.8 16.9 57.3

Other General Cargo2 3.6 18.7 14.7 13.5

Dry Bulk3 3.7 44.7 100.9 147.1

Tanker4 3.1 63.3 73.8 180.7 < 70,000 DWT 2.6 22.4 27.1 31.4 >= 70.000 DWT 0.6 40.8 46.8 149.3 1 Includes fully cellular containerships 2 Includes general cargo ships, partial containerships, reefer ships, RoRo ships, barge carriers, heacy-lift ships and vehicle carriers. 3 Includes dry bulk carriers, ore carriers and combination carriers. 4 Includes petroleum tankers, chemical tankers, LNG and LPG carriers.

As of January 1, 2003, approximately 27 percent (DWT) of the world merchant fleet greater than 10,000 was built before 1981. In con- trast. only 11 percent of the containership fleet was built before 1981. The other general cargo fleet was the oldest segment with 48 percent built before 1981.

Source: U.S. Maritime Administration - www.marad.dot.com

Top 20 Maritime Shipping Nations

There are an estimated 28,296 oceangoing ships in the world. The following provides a snapshot of their "distribution" by Flag State,

No. Ships (% world fleet) and DWT.

Flag No. Ships DWT

Panama 4727 (16.7%) 180,170,000

Liberia 1509(5.3%) 78,490,000

Greece 707(2.4%) 47,168,000

Bahamas 990(3.6%) 44,928,000

Malta 1319(4.7%) 44,198,000

Cyprus 1222(4.4%) 35,686,000

Singapore 852(3.0%) 32,365,000

Norway (NIS) 651 (2.3%) 28,480,000

China 1453(5.1%) 22,480,000

Hong Kong 419(1.5%) 22,387,000

Marshall Islands 258(0.9%) 18,787,000

U.S.A. 443(1.6%) 14,960,000

Japan 603(2.2%) 14,095,000

India 298(1.0%) 10,271,000

St. Vincent & The Grenadines 740(2.6%) 9,815,000

Italy 420(1.5%) 9,783,000

Isle of Man 205(0.7%) 9,288,000

South Korea 485(1.7%) 8,907,000

Turkey 541(1.9%) 8,856,000

Bermuda 97(0.1%) 8,405,000

Source: U.S. Maritime Administration - www.marad.dot.com 84 Maritime Reporter & Engineering News