Top 10 largest flag states (shipping)

people & business

At any given moment about 100,000 commercial ships are sailing the seas, carrying 90% of the world’s cargo. Transportation over sea is by far the most efficient way to bring large quantities of products (containers, crude oil, coal) from A to B. If you take a quick look at the global production, one would expect countries such as China or the United States ranked high in the top 10 largest flag states. This isn’t the case.

Since ships are operating in international waters, companies and authorities have to satisfy international maritime laws, a complex jungle of rules. Moreover, it can be highly beneficial in terms of tax revenues or the possibility to hire non-national crews. It’s all about the money. So some countries have specialized in licensing shipping companies to sail their ships under the flag of the state. Which are the largest flag states and how many million tons of cargo do they ship under their responsability? Find out in our next top 10 largest flag states!

Top 10 largest flag states (shipping)

  1. Cyprus – 20.41 millions of gross tonnes
  2. China – 31.65 millions of gross tonnes
  3. Malta – 37.57 millions of gross tonnes
  4. Greece – 40.27 millions of gross tonnes
  5. Singapore – 41.95 millions of gross tonnes
  6. Bahamas – 45.60 millions of gross tonnes
  7. Hong Kong, China – 52.95 millions of gross tonnes
  8. Marshall Islands – 57.16 millions of gross tonnes
  9. Liberia – 99.10 millions of gross tonnes
  10. Panama – 193.44 millions of gross tonnes

Source: More info and source

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