Page 53: of Maritime Reporter Magazine (February 2017)

Top 10

Ship Owning

Nations espite suffering the biggest total liam Bennett. “Coming in second [in terms of total Falling from fourth to sixth, the German cargo ? eet drop in total feet value, Greek own- value lost] was the U.S.A., whose ? eet lost $4 bil- lost close to 30 percent of its value mainly due to ers held onto their spot at the top lion, less than half the Greek losses,” Bennett said. the depressed container market. Yet, the nation with a $84.079 billion ? eet, re? ect- Falling less than 1 percent in total value, Japanese remained the top owner of containerships. Bennett ing a decrease of nearly 12 percent owners were able to inch closer to the lead. Japan said, “The German container ? eet shrunk by nearly in the cargo sectors. Greece also is the leading owner of LNG and LPG carriers. “Bulk- $11 billion throughout 2016 after large losses in the held onto its lead in the bulk car- ers have had a deceptively good 2016 following the sector. The largest softening was experienced in the rier and tanker categories. “Greek record lows at the start of the year,” Bennett said. Panamax and post-Panamax sectors with some ves-

D tanker owners started 2016 earning more than “The top three bulker owning nations; Greece, Japan sels losing up to 60 percent of their value. German $100,000/day on their vessels. However, the rest and China, have seen their ? eets rise by over $4 losses are fueled by this as 59 percent of their ? eet of the year has been predominantly bearish. By the billion each. This growth has supported acquisitions consists of Panamax and post-Panamax vessels.” end of 2016 the Greek ? eet had shrunk by close to following some of the lowest asset prices seen since $11 billion,” said VesselsValue senior analyst Wil- the 1980s.” www.vesselsvalue.com

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