China Passes Greece as Top Shipowning Nation by One Key Metric
A container ship approaches the Yangshan Deepwater Port in Shanghai, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China surpassed Greece as the world’s largest shipowner for the first time in one important metric, cementing its importance in the transport of goods and raw materials across the globe.
Companies in the world’s second-largest economy now own more vessels based on gross tonnage — a measure of capacity — than any other country. Greece previously held that title since 2013, according to Clarkson Research Services Ltd., a unit of the world’s largest shipbroker.