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
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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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.
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