Singapore has overtaken Hong Kong to become the world’s fourth-largest ship registry, after a surge in vessels reflagged to the city-state amid US-China geopolitical tensions.
According to the Maritime and Port Authority of Singapore (MPA), the Singapore Registry of Ships had 4,230 vessels with a combined gross tonnage of 127.8 million by the end of September.
By contrast, the Hong Kong Shipping Registry reported 2,162 ships totalling 120.6 million gross tonnes over the same period. Ship registries are ranked by gross tonnage.
Singapore’s gross tonnage rose from 108.7 million to 134.9 million in the first ten months of 2025, marking a 24.1 per cent increase. October alone added 114 ships, contributing 7.1 million gross tonnes.
In contrast, Hong Kong’s registry has been steadily declining, falling from 132.2 million gross tonnes in January to 120.6 million by September. Figures for October have not yet been published.
The rise in Singapore-flagged vessels shows that shipowners
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