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China overtakes Greece as largest shipowner
China has overtaken Greece to become the world's largest ship-owning country in terms of gross tonnage, according to information released over the weekend by the Shanghai-based China Shipowners' Association. Citing data from Clarksons Research, a leading provider of data and intelligence for global shipping based in the United Kingdom, the association said the fleet of Chinese shipowners has reached 249.2 million GT, accounting for a global market share of 15.9 percent, or about $180 billion in fleet value. This is slightly higher than the 249 million GT of Greek shipowners' fleet, which accounts for a global market ... (full story)
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