Page 43: of Maritime Reporter Magazine (February 2025)

THE FINAL WORD TOP 10 SHIP OWNING NATIONS

TOP 10

SHIP OWNING NATIONS n the ever-evolving world of mari- Lead in Numbers: With 1,764 vessels, $71.3 billion—a remarkable $23.3 bil- time trade, ship ownership is a key China has the largest tanker ? eet, worth lion above China’s. Greece’s strength indicator of economic in? uence $47.9 billion. lies in its strategic positioning in global

Iand global commerce. As we enter shipping lanes and its ability to capitalize 2025, Veson Nautical presents its highly #2 JAPAN on geopolitical shifts, including Russian anticipated Top 10 Ship Owning Nations, Historically Strong sanctions and Red Sea con? icts, which offering a detailed analysis of ? eet values Japan, now in second place, still com- have boosted ton-mile demand. NOTA- and industry shifts. This year, China has mands a $231.3 billion ? eet, marking a BLE: Second Largest LNG Fleet: 143 surged to the top, overtaking Japan in to- 12% growth from 2024. While China has vessels, worth $32.4 billion tal ? eet value, while geopolitical events overtaken it, Japan remains a dominant and shifting market dynamics continue player, particularly in specialized vessel #4 USA to shape the rankings. Let’s take a closer markets. Bulk carrier values peaked in The Cruise Giant look at the global giants of ship owner- October 2024, with 20-year-old Cape- The U.S. holds its fourth place ranking ship and the forces driving their domi- sizes hitting $20.32 million, reinforcing with a $116.4 billion ? eet, marking a nance. Japan’s commitment to high-value ship $16.5 billion increase from 2024. With assets. NOTABLE: Largest LNG Fleet: #1 CHINA Worth $40.9 billion; Leading in LPG &

New Maritime Powerhouse Reefers: LPG ? eet valued at $15.1 bil-

For years, China has held the title for the lion, Reefers at $1.3 billion largest ? eet in terms of vessel numbers, Stronghold in Vehicle Carriers: Holding but now it has also become the world’s a $24.8 billion stake most valuable ? eet owner, surpassing

Japan with a staggering $255 billion in #3 GREECE total ? eet value, fueled by its Bulker The Tanker Powerhouse and Container sectors. China’s rise is a Greece remains in third place, consis- re? ection of its aggressive investments tently ranking among the world’s top in shipbuilding, expansion into global maritime nations. While China holds trade routes, and its growing in? uence in more tankers in sheer numbers, Greece’s maritime logistics. NOTABLE: Tankers tanker ? eet value is higher, standing at www.marinelink.com 43

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