Top 10 Shipowning Nations: China Overtakes Japan for No. 1 Spot

China has overtaken Japan to claim the top spot in global ship ownership rankings, with a fleet valued at $255 billion, according to the latest Veson Nautical report. Rising demand for bulkers and container ships, combined with strong market conditions, helped push China ahead.

Japan now holds the second spot, even as its fleet value grew to $231.3 billion. The country remains dominant in LNG, LPG, and vehicle carriers and has shown steady investment in key maritime sectors.

Greece retains third place with the world’s most valuable tanker fleet, worth $71.3 billion. The U.S. remains in fourth place, largely …