According to VesselsValue’s senior data editor Craig Jallal, PIL has fleet of 138 vessels and newbuildings on order worth $3.39bn. In value terms the second largest Singapore fleet belongs Eastern Pacific Shipping with 80 vessels worth $3.13bn.
The Singapore owned fleet is mainly composed of bulkers and tankers, accounting for 47% and 44% of the fleet respectively.
In an unusual measure VesselsValue found that Singapore had the highest value fleet per capita. With 1,968 vessels valued at $35.4bn the per capita value for Singapore’s shipping fleet is $8,247 per person. The city state has a population of around 5.1m.
The next country in terms of per capita value is Norway with $5,840 per person, while the world’s largest shipowning nation, Greece, its fleet is valued at $1,105 per head.
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