Japan is world’s third largest shipping nation as owners control 12% of the fleet“Combined, Japanese shipowners currently own 12% of the global fleet’s deadweight tonnes capacity (DWT). This makes Japan the third
Japan is world’s third largest shipping nation as owners control 12% of the fleet
“Combined, Japanese shipowners currently own 12% of the global fleet’s deadweight tonnes capacity (DWT). This makes Japan the third largest shipowning country in the world and one of only three countries where shipowners control more than 10% of the global fleet’s DWT capacity,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.
The global fleet of 2.4tn DWT is owned by 16,622 shipowners in 178 countries. Of this, 604 owners, with fleets ranging in size from 115 DWT to 28.6m DWT, are from Japan.
During the economic miracle of post-war Japan, the country’s international trade grew alongside the economy. Measured in USD, Japan was the third largest merchandise exporter for thirty years between the early 1970s and early 2000s. Exports peaked at 10% of global merchandise trade in 1986.
In most years during the same period, Japan was also the world’s third largest merchandise importer with imports peaking at 7% of global merchandise trade in 1974.
“While Japan’s exports and imports share of global merchandise trade have both fallen to 3%, the size of the fleet has remained strong,” says Rasmussen.
The three co-owners of Ocean
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