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THE FINAL WORD TOP 10 SHIP OWNING NATIONS

Carnival and Royal Caribbean headquar- Holding ? rm at sixth place, South Ko- Norway’s ? eet.

tered in the U.S., the nation continues to rea’s $69.6 billion ? eet has grown by $2 dominate the cruise sector. Fleet values billion over the past year. NOTABLE: #9 SWITZERLAND have surged by nearly $10 billion, re? ect- Fourth Largest LNG Fleet: Valued at Back in the Game ing growing demand for luxury ocean $17.2 billion; Key Car Exporter: Invest- Switzerland reenters the top 10 with a travel. NOTABLE: Undisputed Cruise ments in vehicle carriers, including six $68 billion ? eet, largely due to container

Leader: The U.S. boasts the largest cruise new LCTC s set for delivery by 2028. sector growth and MSC’s continued ex- ? eet globally, valued at $58.6 billion. pansion. NOTABLE: MSC’s In? uence: #7 UNITED KINGDOM In 2024 alone, MSC added 63 second- #5 SINGAPORE Surging Tanker Values hand vessels and placed 64 new orders

Rising Power: LPG & OSVs The UK has climbed to seventh place, for delivery between 2026-2029.

Singapore remains ? fth, boasting a despite not ranking in the top 10 for ves- $107.2 billion ? eet, a $21 billion rise sel numbers. NOTABLE: Tanker Fleet #10 GERMANY from last year. Singapore’s strategic lo- Growth: Values increased by 32% to $9.5 A Fading Power cation and advanced port infrastructure billion. Germany drops to tenth place, continu- continue to make it a major maritime ing its downward trend. However, its hub. NOTABLE: Second Largest LPG #8 NORWAY ? eet value has increased by 55.6% year-

Fleet: Valued at $14 billion; Dominant in Gas-Driven Fleet Expansion on-year to $27.7 billion. Germany’s his-

OSVs: Offshore Support Vessels (OSVs) Norway has dropped to eighth, with a torical dominance in containers is still worth $4.4 billion ? eet worth $68.5 billion, still up by $10 evident. NOTABLE: Container Fleet billion from last year. Strength: Germany holds the second #6 SOUTH KOREA NOTABLE: LNG Fleet Growth: Now largest container ? eet in numbers, despite

LNG & Vehicle Carrier Prowess worth $13.6 billion, making up 20% of dropping in rankings.

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