Greece is the world’s largest shipowning nation by the value of ships owned, followed by Japan and China.

According to VesselsValue.com the Greek fleet is worth $101bn, comprising roughly 15% of the global fleet by value which it put at $659.6bn.

The biggest component of the Greek fleet was bulkers valued at $43.4bn, followed by tankers at $33.7bn VesselsValues.com said in a report. Containerships, LNG and LPG carriers in the Greek fleet had a combined value of $23.8bn.

The world’s second largest shipowning nation by value was Japan with a fleet valued at $89.1bn. Bulkers form more than half of the nation’s fleet by value and are worth $50.6bn.

In third place by value was the China owned fleet valued at $72.7bn, with bulkers again more than half of the fleet with a total worth of $40.7bn.

The fourth and fifth largest shipowning countries by fleet value were Germany with a fleet value of $53.2bn and Singapore with $30.4bn.