Singapore Leads in Fleet Value per Capita

zoomPSA Singapore Singapore owners control nearly 2,000 deep-sea going vessels with a total value of USD 35.4 billion, what makes Singapore a leading nation when it comes to vessel ownership in USD terms per capita, according to valuation provider VesselsValue. The total value of USD 35.4 bn is equal to USD 8,000 invested in shipping per person in Singapore, the data show. Based on the valuation, the largest owner in Singapore is Pacific International Line (PIL), with a current fleet and orderbook of 138 vessels worth a total current value of USD 3,394 million. Eastern Pacific Shippings fleet consisting of 80 vessels is worth a similar amount of money, USD 3,128 million. Both abovementioned companies operate a diverse fleet ranging from bulkers to the largest size of containerships on order. However, in terms of capacity, the overall Singapore fleet is split between dry bulk carriers (47 percent of the total fleet by dwt) and tankers (44 percent). Singapore is followed by Norway with 1,257 vessels worth USD 26.9 billion, Denmark with 883 vessels, Greece with 4,398 and Japan with 4,329 vessels.