Greek and Chinese shipping companies own 34% of the cargo capacity of the world fleet

“The global cargo shipping fleet consists of around 61,000 vessels with approximately 2.2 billion dwt. Vessels owned by Greek and Chinese shipping companies contribute 34% of the total dwt capacity of the fleet,” says Niels Rasmussen, chief shipping analyst at Bimco.

Although consolidation has been significant within the container shipping segment, the overall shipping market is still highly fragmented and the average shipping company only owns a few vessels. However, over time key shipping nations have emerged. Others have since lost importance due to changes in global trade, but Greece remains the world´s leading shipping nation.

Ability

“In terms of cargo capacity, Greek shipowners control the largest fleet of cargo shipping vessels in the world with 19% of the capacity and maintain a particularly high share in the bulk, tanker and gas carrier sectors,” says Rasmussen.

The approach of Chinese shipowners has been slightly different. They control a smaller proportion of tankers and gas carriers, but a larger proportion of the general cargo and container fleets with Cosco Shipping contributing to the larger proportion of the latter´s fleet.

The entry of Chinese financial institutions into the charter market has contributed significantly to the growth of the Chinese-owned fleet in recent years, with five of the top 10 Chinese shipowners engaged in chartering. Together, the ten largest shipowners control 41% of the Chinese-owned fleet.

The ten largest Greek shipowners are all “traditional” shipowners. Unlike the top ten Chinese owners, the list of the top ten Greek shipowners is not dominated by a single large owner. In contrast, there are seven shipowners with fleets exceeding 10 million dwt, while only three Chinese shipowners have fleets that large.

Although the Chinese fleet has fewer large shipowners, the order book of all Chinese shipowners is 21% larger than that of their counterparts in Greece.

According to Bimco, Greek shipowners are usually very active in the second-hand market, this could indicate that the Chinese fleet could grow faster than the Greek fleets in the coming years.

“Chinese and Greek shipowners have in common that, relative to their existing fleet, their construction order lists are for LNG vessels and Pure Car Carriers (PCC), two markets currently experiencing strong growth. Chinese shipowners have the largest order book in these segments. While the order book for LNG and PCC methane tankers represents, respectively, 126% and 260% of the current fleet,” says Rasmussen.

 

News and image obtained: Mundo Marítimo"

https://www.mundomaritimo.cl/noticias/navieras-griegas-y-chinas-poseen-el-34-de-la-capacidad-de-carga-de-la-flota-mundial

 

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Bound4blue completes installation of three suction sails on board 50,000 tpm tanker
27 February, 2025

Bound4blue completes installation of three suction sails on board 50,000 tpm tanker

Spanish company bound4blue, which specialises in auxiliary wind propulsion systems, has successfully completed the installation of three eSAIL suction sails on board a product tanker, the Pacific Sentinel, owned by Singapore-based Eastern Pacific Shipping (EPS).

The installation of the three 22 m high sails was carried out at the Besiktas shipyard in Turkey, taking advantage of a scheduled shutdown of the vessel. The assembly of the systems was completed in less than three days, as planned.

The eSAIL auxiliary wind propulsion system developed by bound4blue is based on the use of a thick sail with an intelligent suction system. These sails are easy to install, operate and maintain, have very few moving parts and are suitable for almost all types of vessels. The company expects fuel savings of approximately 10%, depending on the route.

The installation of the systems on the Pacific Sentinel, a 50,000 dwt product tanker, presented a number of unique challenges, including the vessel´s strut and the existence of ATEX zones (where equipment installed on board must comply with explosion-proof regulations). It was carried out in collaboration with the American Bureau of Shipping (ABS), meeting classification and safety standards. ABS played a key role in granting the ‘wind-assisted’ notation, fundamental for the structural integration of eSAILs with the ship and their alignment with regulatory frameworks such as the ETS Directive, the FuelEU Maritime Regulation or the IMO´s IIC.

 

News and image obtained: ‘Asociación de Navieros Españoles’.

https://anave.es/bound4blue-completa-la-instalacion-de-tres-velas-de-succion-a-bordo-de-un-petrolero-mr/

 

 

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