The world merchant fleet

It's worth recalling that the world merchant fleet is made up of different types of vessels, which can be grouped into the following categories: general cargo ships, container ships, barge carriers, bulk carriers, oil tankers and chemical tankers.

Today, sea freight is the main means of transporting raw materials (oil, coal, grain, etc.) over very long distances.

Today, sea freight accounts for 90% of international merchandise trade. At the end of March 2022, more than 57 000 merchant ships had been sailing around the world, over 50% of them carrying oil and related products.

The world's fleet of ships (March 2022)

Vessel type

Number

Oil tankers

2 206

Tanker ships

9 809

Chemical carriers

3 991

Bulk carriers

12 766

LPG carriers

1 532

LNG carriers

685

Container ships

5 606

Multipurpose freighters

3 188

General cargo ships

16 112

RoRo ships

1 586

Total cargo ships

57 481

Offshore vessels

8 926

Services

2 112

Tugs 

21 288

Passenger ships

8 938

Other non-cargo vessels

4 259

Total

45 523

Grand total

103 004

Source: International Underwriting Association

Read also | Ranking of major ports in 2022

Breakdown of the world merchant fleet by region (March 2022)

 

Europe (1)

Far East (2)

Other

Container ships

54%

36%

10%

Oil tankers

42%

26%

32%

LPG LNG

33%

36%

31%

Bulk containers

32%

53%

15%

Total

37%

40%

23%

(1) Europe: EU, GB, Norway, Switzerland
(2) Far East: China, Japan, Korea, Taiwan, Hong Kong, Singapore

Breakdown of world merchant fleet by country/region (March 2022)

Country/region

Shares

Greece

17%

Germany

4%

Other European countries

20%

China

15%

Japan

12%

South Korea

4%

Other countries in Asia/Oceania

12%

United States

4%

Other countries in the Americas

3%

Other countries

9%

Total

100%

Source: IUMI/Clarksons Research

World merchant fleet breakdown by country of registration (January 2021)

As shown in the table below, on 1 January 2021, there were 53 973 merchant ships over 1 000 ums (Universal Measurement System), carrying all types of cargo. This fleet is registered under more than 150 different flags. More than a million seafarers of all nationalities are employed in marine freight activities.

The merchant navy is the key to the global economy without which the trade of raw materials and finished products at reasonable cost from one continent to another would simply be impossible.

Countries of registration of the world merchant fleet (January 2021)

Figures in number of vessels

Shipowner countries

Country of registration

Total

Panama

China

Liberia

Marshall
Islands

Singapore

Hong Kong

Indonesia

Others

China

655

4 887

152

103

62

935

8

7 318

14 120

Greece

465

0

1 101

1 055

28

20

2

4 705

7 376

Japan

2 066

0

252

234

169

54

7

4 029

6 811

Singapore

282

4

242

137

1 459

134

95

2 843

5 196

Germany

34

0

580

96

74

18

0

2 395

3 197

Indonesia

16

2

7

9

8

1

2 232

2 321

4 596

Norway

48

0

89

132

81

50

4

2 042

2 446

United States

67

0

95

318

8

37

1

1 813

2 339

Russia

34

0

117

0

2

1

0

1 786

1 940

Hong Kong

324

20

53

69

51

886

3

1 764

3 170

Total

3 991

4 913

2 688

2 153

1 942

2 136

2 352

NA

51 191

Rest of the world

6 653

4 933

3 909

3 732

2 541

2 440

2 398

NA

53 973

Situation in January 2021

Source: UNCTAD

Catastrophic risks in marine transport can be linked to the sea and its hazards (foreseeable or unforeseeable), to the condition of the vessels and the skills of the crew, to the dangerousness of the products transported, to wars and acts of maritime piracy.

The risks increase in straits, in certain canals and on the freeways of the sea, where numerous wrecks run aground, a source of collisions and accidents for other vessels. New risks are emerging with the transport of hazardous chemicals. This is why issues pertaining to liability, guarantees and risk coverage are particularly crucial.

Mon, 03/07/2023 - 13:36