Review of Maritime Transport 2011

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More than 80 per cent of international trade in goods is carried by sea and an even higher percentage of developing-country trade is carried in ships. The Review of Maritime Transport, an annual publication prepared by the Division on Technology and Logistics of the UNCTAD secretariat, is an important source of information on a vital sector. It closely monitors developments affecting world seaborne trade, freight rates, ports, surface transport and logistics services, as well as trends in ship ownership control and fleet age, tonnage supply and productivity. The review contains information on legal and regulatory developments and includes an in depth focus annually on a selected topic. In 2011, the participation of developing countries in maritime businesses is highlighted.

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Structure, ownership and registration of the world fleet

The year 2010 saw record deliveries of new tonnage, 28 per cent higher than in 2009, resulting in an 8.6 per cent growth in the world fleet. The world merchant fleet reached almost 1.4 billion deadweight tons in January 2011, an increase of 120 million dwt over 2010. New deliveries stood at 150 million dwt, against demolitions and other withdrawals from the market of approximately 30 million dwt. Since 2005, the dry bulk fleet has almost doubled, and the containership fleet has nearly tripled. The share of foreignflagged tonnage reached an estimated 68 per cent in January 2011. This chapter presents the supply-side dynamics of the world maritime industry. It covers the structure, age profile, ownership and registration of the world fleet. The chapter also reviews deliveries, demolitions, and tonnage on order.

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