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2003 Yearbook • Statistics Top 20 World Merchant Fleets by Country of Owner Self-Propelled Oceangoing Vessels 1,000 Gross Tons and Greater As of January 1, 2003 (Tonnage in Thousands) Tanker Dry Bulk Full Container Other* Total Country No. Dwt No. Dwt No. Dwt No. Dwt No. Dwt Greece 807 64,967 1,301 72,285 146 4,709 661 6,913 2,915 148,873 Japan 767 37,110 868 51,891 219 7,132 868 8,236 2,722 104,368 China 314 7,200 578 24,398 210 4,401 931 7,630 2,033 43,629 Norway 425 24,956 168 10,552 19 623 463 6,570 1,075 42,701 Germany 179 6,488 156 6,097 793 21,382 896 6,285 2,024 40,252 United States 337 27,378 115 5,563 84 2,893 354 4,412 890 40,247 Hong Kong 142 14,546 260 17,794 37 1,416 112 1,617 551 35,372 Korea 215 7,638 178 13,422 97 2,486 265 1,521 755 25,067 Taiwan 43 3,532 167 10,279 201 7,016 105 818 516 21,645 Singapore 287 10,268 64 2,518 135 2,993 125 1,009 611 16,788 Denmark 155 7,480 23 1,449 130 6.239 243 1,351 551 16,518 United Kingdom 136 7,198 45 4,018 83 3,227 244 1,949 508 16,392 Russia 389 >7,637 115 1,855 33 793 1,124 4,466 1,661 14,751 Italy 232 5,160 66 4,509 13 322 155 2,209 466 12,200 Saudi Arabia 74 10,588 1 2 1 68 17 305 93 10,963 India 106 5,471 111 4,461 3 87 57 348 277 10,366 Turkey 95 1,464 138 5,357 34 383 257 1,654 524 8,858 Iran 32 4,428 43 1,915 7 179 43 725 125 7,247 Sweden 123 5,345 8 67 160 1,490 291 6,901 Belgium 61 4,736 16 1,859 2 13 37 255 116 6,863 All Other 2,372 72,601 1,363 58,767 687 18,222 5,635 33,686 10,057 183,276 Grand Total 7,261 336,189 5,784 299.059 2.934 84,583 12,752 93,448 28,761 813,279 1 Based on parent company nationality. (Dwt) = Deadweight Tons * Roll-on/Roll-off, Passenger, breakbulk ships, partial containerships, refrigerated cargo ships, barge carriers, and specialized cargo ships Source: U.S. Maritime Administration - www.marad.dot.com World Order Book Merchant Vessels 10,000 DWT and Over Tankers. Bulk Carriers and Full Containerships — As of January 1, 2003 Vessel Type Number of Vessels World Order Book Total DWT (Millions) World Merchant Fleet Total Number of Vessels DWT (Millions) Order Book Percent of World Total Tankers Total Dwt 10,000 - 69,999 70,000 and over 746 414 332 63.1 16.8 46.3 3,871 2,446 1,425 320.8 83.4 237.4 19.7 20.1 19.5 Bulk Carriers 390 28.6 5,294 296.4 9.6 Full Containerships Total TEU's under 2.000 2.000 • 3.999 4.000 and over 261 55 85 121 Total TEU (Thousands) 978,8 72.1 234.6 672.1 2,322 1,163 745 414 Total TEU (Thousands) 5,698.90 1,461.20 2,095.30 2,142.40 by TEU 17.2 4.9 11.2 31.4 Source: U.S. Maritime Administration - www.marad.dot.com Age Profile of World Merchant Fleet Greater than 10,000 DWT — (Million DWT) < 1972 1972 - 1981 1982 - 1991 > 1991 Containershipsl 0.7 5.8 16.9 57.3 Other General Cargo2 3.6 18.7 14.7 13.5 Dry Bulk3 3.7 44.7 100.9 147.1 Tanker4 3.1 63.3 73.8 180.7 < 70,000 DWT 2.6 22.4 27.1 31.4 >= 70.000 DWT 0.6 40.8 46.8 149.3 1 Includes fully cellular containerships 2 Includes general cargo ships, partial containerships, reefer ships, RoRo ships, barge carriers, heacy-lift ships and vehicle carriers. 3 Includes dry bulk carriers, ore carriers and combination carriers. 4 Includes petroleum tankers, chemical tankers, LNG and LPG carriers. As of January 1, 2003, approximately 27 percent (DWT) of the world merchant fleet greater than 10,000 was built before 1981. In con- trast. only 11 percent of the containership fleet was built before 1981. The other general cargo fleet was the oldest segment with 48 percent built before 1981. Source: U.S. Maritime Administration - www.marad.dot.com Top 20 Maritime Shipping Nations There are an estimated 28,296 oceangoing ships in the world. The following provides a snapshot of their "distribution" by Flag State, No. Ships (% world fleet) and DWT. Flag No. Ships DWT Panama 4727 (16.7%) 180,170,000 Liberia 1509(5.3%) 78,490,000 Greece 707(2.4%) 47,168,000 Bahamas 990(3.6%) 44,928,000 Malta 1319(4.7%) 44,198,000 Cyprus 1222(4.4%) 35,686,000 Singapore 852(3.0%) 32,365,000 Norway (NIS) 651 (2.3%) 28,480,000 China 1453(5.1%) 22,480,000 Hong Kong 419(1.5%) 22,387,000 Marshall Islands 258(0.9%) 18,787,000 U.S.A. 443(1.6%) 14,960,000 Japan 603(2.2%) 14,095,000 India 298(1.0%) 10,271,000 St. Vincent & The Grenadines 740(2.6%) 9,815,000 Italy 420(1.5%) 9,783,000 Isle of Man 205(0.7%) 9,288,000 South Korea 485(1.7%) 8,907,000 Turkey 541(1.9%) 8,856,000 Bermuda 97(0.1%) 8,405,000 Source: U.S. Maritime Administration - www.marad.dot.com 84 Maritime Reporter & Engineering News