This month, the global merchant fleet of vessels over 100 gt reached the 100,000-ship milestone for the first time, according to data from Clarksons Research.
Among the 100,001 ships in total, the average size of a vessel is 21,355 dwt, and the average age is 21.7 years.
The total estimated value of the world fleet is $976 billion at 2.1 billion dwt and 1.4 billion dwt.
Asian shipowners account for 46% of the deadweight, while European shipowners control 30% of the fleet.
Shipping passed the 70,000-ship mark in February 2006, almost 15 years ago. Average vessel size has increased by 57% since then.