Ship Sunk By Houthis Threatens Red Sea Environment
By Mohammad Ghobari ADEN, Yemen, March 2 (Reuters) – A UK-owned ship attacked by Houthi militants last month sank in the Red Sea, the U.S. military confirmed on Saturday, as it echoed...
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.
China relies on raw materials imported from across the globe to satiate its enormous commodity demand. It’s simultaneously a major exporter of finished goods, often shipped across the globe in container ships.
Chinese owners are the biggest in both the bulk commodity and container shipping markets, Clarkson said in a report.
Though China is now the largest owner by gross tonnage, it continues to lag Greece by deadweight tonnage, a more closely watched metric.
The former accounts for the internal volume of a ship, while the latter measures the weight of the goods vessels can carry.
© 2023 Bloomberg L.P.
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