Singapore climbs ahead of Hong Kong in gross tonnage registered as more vessels reflagged

Singapore climbs ahead of Hong Kong in gross tonnage registered as more vessels reflagged


Higher tonnage in September makes Singapore the fourth-largest ship registry in the world

[SINGAPORE] The ship registry of Singapore has pulled ahead of its closest competitor Hong Kong after some shipowners reflagged to the city-state amid US-China geopolitical tensions.

There were 4,230 ships with total gross tonnage of 127.8 million sailed under the Singapore flag as at end-September, preliminary estimates published by the Maritime and Port Authority of Singapore showed.

This was higher than the 120.6 million registered in Hong Kong, which had 2,162 ships as at end-September, according to the Hong Kong Shipping Registry.

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Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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