Sponsored By

PIL Singapore's largest shipowner by value

Singapore’s largest owner by fleet value is Pacific International Lines (PIL) according to VesselsValue.com.

Marcus Hand, Editor

April 19, 2016

1 Min Read
Kalyakan - stock.adobe.com

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.

Read more about:

SingaporePIL

About the Author

Marcus Hand

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

See more from Marcus Hand
Get the latest maritime news, analysis and more delivered to your inbox
Join 12,000+ members of the maritime community

You May Also Like

Latest in Red Sea Crisis

thumbnail
Security
Two vessels hit in renewal of Red Sea attacksTwo vessels hit in renewal of Red Sea attacks
byGary Howard
Oct 1, 2024
1 Min Read
Containers on a ship
Containers
Middle East reefers hit by Red Sea diversionsMiddle East reefers hit by Red Sea diversions
byNick Savvides
Oct 1, 2024
3 Min Read
thumbnail
Maritime Logistics
Bahri - collaboration enabled Saudi shipping to overcome challengesBahri - collaboration enabled Saudi shipping to overcome challenges
byGary Howard
Sep 23, 2024
2 Min Read
Latest News
VIEW ALL
Nov 12 - Nov 14, 2024
Europe’s leading event for the container shipping industry
learn more
Recent Podcasts