Singapore owners control nearly 2,000 deep-sea going vessels with a total value of US$35.4bn, which makes Singapore a leading nation when it comes to vessel ownership in USD terms per capita, according to valuation provider VesselsValue.

The total value of US$35.4bn is equal to US$8,000 invested in shipping per person in Singapore, the data show.

Based on the valuation, the largest owner in Singapore is Pacific International Line (PIL), with a current fleet and orderbook of 138 vessels worth a total current value of US$3,394m.

Eastern Pacific Shipping's fleet consisting of 80 vessels is worth a similar amount of money, US$3,128m.

Both above-mentioned companies operate a diverse fleet ranging from bulkers to the largest size of containerships on order.

However, in terms of capacity, the overall Singapore fleet is split between dry bulk carriers (47 percent of the total fleet by dwt) and tankers (44 percent).