China Overtakes Greece As Largest Shipowner

China surpasses Greece as the top ship-owning nation in gross tonnage, reports China Shipowners' Association. [{ "selector": ".zkimz-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 440px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

Chinese shipowners' fleet hits 249.2 million GT, holding 15.9% of global market share. [{ "selector": ".kgipj-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 419px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

Greek shipowners follow closely with 249 million GT, claiming 15.8% market share. [{ "selector": ".rsppz-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 444px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

Japan secures third place with a fleet of 181 million GT; South Korea and the US trail. [{ "selector": ".umeum-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 427px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

Greek shipowners maintain lead in deadweight tonnage, owning 18% of global market. [{ "selector": ".jwudp-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 421px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

Chinese shipbuilders active in new orders, almost double the volume of Greek shipowners. [{ "selector": ".sdlia-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 435px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

Asian shipowners' gross tonnage surpasses Europe's, indicating a shift in global shipping business. [{ "selector": ".ssdbe-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 418px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

Chinese companies are retiring older vessels for greener options, adopting dual-fuel and LNG engines. [{ "selector": ".uqlpf-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 421px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]