China surpasses Greece as the top ship-owning nation in gross tonnage, reports China Shipowners' Association.

Chinese shipowners' fleet hits 249.2 million GT, holding 15.9% of global market share.

Greek shipowners follow closely with 249 million GT, claiming 15.8% market share.

Japan secures third place with a fleet of 181 million GT; South Korea and the US trail.

Greek shipowners maintain lead in deadweight tonnage, owning 18% of global market.

Chinese shipbuilders active in new orders, almost double the volume of Greek shipowners.

Asian shipowners' gross tonnage surpasses Europe's, indicating a shift in global shipping business.

Chinese companies are retiring older vessels for greener options, adopting dual-fuel and LNG engines.

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