Namely, at the end of 2017, the UK registered trading fleet:
- Accounted for 0.8% of the world fleet on a deadweight tonnage basis, and 1.2% when based on gross tonnage.
- Was the 18th largest trading fleet in the world, on a deadweight tonnage basis.
- Accounted for 26% of deadweight tonnage of the Red Ensign Group, which as a whole would be the world’s 10th largest trading fleet.
According to the statistics, the following can be understood as well:
- The ‘UK fleet’ of ships either owned, parent owned or managed in the UK is larger than the UK registered trading fleet - comprising in total around 4% of the world fleet, by deadweight tonnage.
- The deadweight tonnage of ships with a UK owner, parent owner or UK manager all increased in 2017, compared with end 2016
Moreover, the UK registered merchant fleet grew by 7% in gross tonnage (GT) in the year to end December 2017, a third consecutive year of growth.
Lastly, the UK share of the world trading fleet was 0.8% at the end of 2017, with the UK registered trading fleet the 18th largest in the world by deadweight tonnage.
You can see the official report by the UK Department of Transport, in the PDF herebelow