Ship building and recycling is concentrated to a few economies; Ownership and registration more spread out.
Building, ownership, registration and recycling of ships, main specialization, 2026
UN Trade and Development, UNCTADstat and Clarkson's research.
Top three economies in each segment are shown in the default selection. Building and recycling are estimated deliveries and demolitions during 2025. Registration and ownership figures refer to the beginning of the year 2026.
At the start of 2026, the global merchant fleet comprised around 116,000 vessels of at least 100 gross tons (GT), including both cargo-carrying and non-cargo-carrying ships. Of these, around 62,000 were over 1,000 GT.
Several economies play specialized roles in the global maritime industry. In gross tonnage terms, 91% of ships completed in 2025 were built in China, the Republic of Korea, or Japan, while 80% of ship recycling took place in India, Bangladesh, or Türkiye.
Beneficial ownership and registration are somewhat more geographically distributed. At the start of 2026, Greece, China, and Japan were the economies with the largest beneficially owned fleets in terms of deadweight tonnage. Liberia, Panama, and the Marshall Islands hosted the world's largest ship registers.