Marine Link
Sunday, September 25, 2016

German Shipowning on the Rise

December 10, 2004

German shipowners have moved up globally to rank number four in terms of tonnage. At the mid-point of this year they controlled 5.8% of the global fleet, says the owners’ association VDR. They have come close to Norway’s 6.1%. In containerships German owners continue to be number one with about 28% of global tonnage. The share is expected to grow further with the huge newbuilding wave to be delivered over the next years. By the end of the year German owners will control about 2,560 ships with 40m gt capacity, 160 ships and 6m gt more than a year ago. The fleet has doubled since the introduction of the tonnage tax five years ago, said VDR president Frank Leonhardt.


Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News