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Veson Nautical: Top 10 Singapore-flagged vessel owners, operators, and beneficial owners

Moller Maersk currently leads the Singapore-flagged fleet with 119 vessels in their books, with a value of USD 6.35 bil; ONE ranks in pole position for top Singaporean operators in terms of fleet size and value.

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Using data from Veson Nautical solution VesselsValue, the company on Wednesday (2 April) shined a spotlight on the Singaporean fleet including live, launched, and on order vessels and dive into the top 10 owners of Singaporean flagged vessels, the top 10 Singapore-based operators, and the top 10 Singaporean beneficial owners:

By Rebecca Galanopoulos

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Moller Maersk currently leads the Singapore flagged fleet with 119 vessels in their books, with a value of USD 6.35 Bn. In second place, Wan Hai Lines owns 111 Singapore-flagged vessels; this fleet is valued higher at USD 6.35 Bn despite owning fewer vessels due to a large orderbook and a modern fleet with an average age of seven years.

In third place is Singapore-based Pacific International Lines with a fleet of 73 Singapore flagged vessels valued at USD 2.87 Bn. Evergreen Marine Corp are in fourth place with 58 vessels; however, it should be noted that this fleet ranks the highest overall in terms of its value of USD 6.47 Bn this fleet consists solely of larger modern Container vessels which are currently valued at high levels and also has a large orderbook.

Grace Ocean Investment are in fifth place with a total of 54 Singapore flagged vessels in its fleet and a value of USD 2.2 Bn. Also noteworthy is NYK’s fleet of 39 vessels, valued at USD 4.5 Bn.

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In a list of the top 10 Singaporean operators, Ocean Network Express ranks in pole position both in terms of fleet size and value with a fleet of 236 vessels and value of USD 22.17 Bn. Eastern Pacific Shipping are in second place with 197 vessels, valued at USD 19.93 Bn, and Pacific International Lines rank third with 102 vessels, valued at USD 5.91 Bn.

It should be noted that the top three owners operate predominantly within the Container sector which has seen values rise considerably over the past year. For example, 15 YO Panamax Containers of 4,250 TEU have increased by c.79.57% year-on-year from USD 20.70 mil to USD 37.17 mil. This is largely due to increased ton mile demand for Containers as vessels travelled around the Cape of Good Hope to avoid the hostilities in the Red Sea area.

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Of the top 10 Singaporean based beneficial owners, Eastern Pacific Shipping have the largest fleet of vessels with a total of 205 and also the highest value at USD 21.08 Bn. Much of the value of the fleet can be attributed to the company’s extensive orderbook  of 118 vessels, spanning the Container, Tanker, Bulker, LNG, LPG and Vehicle Carrier sectors.

Pacific International Lines rank second with 87 vessels and a total value of USD 4.24 Bn; this fleet consists entirely of Container vessels within the New Panamax to Feedermax sub sectors.

Hafnia ranks third with 85 vessels and a total value of USD 2.94 Bn; this fleet consists of Tankers within the Aframax to Handysize sectors. Tanker values have corrected lower for most sectors this year, following a period of 15 year highs, as market uncertainty and high prices have weighted heavily on sale and purchase transactions. For example, 15YO Aframaxes of 110,000 DWT are down by c.21.43% year-on-year from USD 42.84 mil to USD 33.66 mil.

The Singaporean maritime industry remains a dominant force in global shipping, with major companies strategically managing diverse fleets across multiple sectors. Singapore-flagged vessel owners, operators, and beneficial owners play a crucial role in shaping industry trends, particularly within the Container sector, which has seen significant value growth recently. Overall, Singapore’s maritime industry demonstrates resilience and strategic foresight, reinforcing its position as a key global shipping hub.

 

Photo credit: Maritime and Port Authority of Singapore
Published: 10 April, 2025

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Mass Flowmeter

Hong Kong backs MFM adoption with voluntary scheme to boost bunkering competitiveness

Hong Kong’s Marine Department launched the Quality Bunker Operator Scheme to encourage bunker operators to install and use mass flow meter systems on their bunker vessels.

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Hong Kong’s Marine Department (MD) on Wednesday (3 June) launched the Quality Bunker Operator Scheme to encourage bunker operators to install and use mass flow meter systems (MFM systems) on their bunker vessels.

MD said the scheme aims to enhance Hong Kong’s bunkering service quality and the competitiveness of Hong Kong ports, thereby further consolidating Hong Kong’s position as an international maritime centre and a major bunkering port.

Under the Scheme, bunker operators of traditional maritime fuel and biodiesel that install and use MFM systems on their bunker vessels, with the MFM systems inspected and certified by an accredited body in accordance with the International Organization for Standardization’s ISO 22192 Standard or equivalent requirements, can apply to the MD for inclusion in the scheme’s “List of Quality Bunker Vessels”, provided they meet the relevant technical and operational requirements. 

Details of the bunker vessels successfully included in the List will be published on a dedicated page on the MD’s website for reference by shipping companies and relevant stakeholders.

Participation in the Scheme is voluntary. In addition to receiving recognition from the MD, participating bunker operators will benefit from enhanced corporate image and competitiveness through the adoption of MFM systems, thereby boosting customers’ confidence and helping to create new business opportunities.

 A spokesman for the MD, said: “As an international maritime centre supported by our country, Hong Kong has a strategic location adjacent to major international fairways. Coupled with years of development in marine fuel bunkering, Hong Kong possesses rich experience and talent in the field. For many years, Hong Kong has consistently ranked as the seventh-largest bunkering port globally, the second-largest in our country, and the largest in the Greater Bay Area, providing reliable and competitive fuel bunkering services to ocean-going vessels from around the world. 

“As the international shipping industry has an increasing demand for accuracy and transparency in bunkering services, service quality and measurement precision in bunkering operations have become important indicators of a bunkering port’s competitiveness. The Scheme will enhance bunkering accuracy and transparency, further enhancing the quality of Hong Kong’s bunkering services.

The spokesman added that comprehensive port services are one of Hong Kong’s key advantages as an international maritime centre.

“We will also mandate the use of MFM systems on all methanol bunker vessels this year to ensure that Hong Kong continues to provide high-quality bunkering services in the era of green maritime fuels.” 

Note: The application form for the Scheme can be found on the MD’s website. Interested bunker operators can download the application form from the website or contact the MD’s Green Maritime Fuel Team via email ([email protected]) for details.

 

Photo credit: Manifold Times
Published: 4 June, 2026

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Alternative Fuels

MPA and MSC ink MoU to support adoption of alternative bunker fuels

MPA and MSC will explore new routes and services to strengthen connectivity, support the adoption of alternative marine fuels such as bio-LNG, and advance technologies to improve vessel energy efficiency.

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MPA and MSC ink MoU to support adoption of alternative bunker fuels

The Maritime and Port Authority of Singapore (MPA) on Wednesday (3 June) said it signed a Memorandum of Understanding (MoU) with MSC Mediterranean Shipping Company to strengthen collaboration in maritime decarbonisation, digitalisation, innovation, and manpower development. 

The MoU was signed on 25 May 2026 by Mr Ang Wee Keong, Chief Executive of MPA, and Mr Soren Toft, Chief Executive Officer of MSC.

The MoU underscores the shared commitment of MPA and MSC to foster a sustainable, digital, and future-ready maritime sector, while enhancing MSC’s operational and business activities in Singapore. This year also marks the 30th anniversary of MSC establishing its Asia Regional Office and local office in Singapore.

Under the MoU, MPA and MSC will explore new routes and services to strengthen connectivity, support the adoption of alternative marine fuels such as bio-LNG, and advance technologies to improve vessel energy efficiency and operational performance.

MPA and MSC will also collaborate on maritime digitalisation initiatives to improve operational efficiency, including streamlining vessel arrivals and port operations. 

On manpower development, MSC will support internship and scholarship opportunities through Singapore Maritime Foundation’s Maritime Outreach Network (MaritimeONE) platform, an industry-led tripartite partnership comprising industry, government and institutes of higher learning that aims to raise awareness of the maritime industry and attract quality talent into the maritime sector.

Mr Ang Wee Keong, Chief Executive of MPA, said: “This partnership reflects the strong collaboration between MPA and MSC in driving sustainability and digitalisation in the maritime sector. By working together on decarbonisation, operational efficiency and talent development, we aim to strengthen Maritime Singapore’s position as a trusted and future-ready global maritime hub.”

Mr Soren Toft, Chief Executive Officer of MSC, said: “Singapore is a strategically important hub for MSC and a key gateway to the broader Asia region. As we mark 30 years in Singapore, this MOU reinforces our long-term commitment to strengthening our presence here. MSC and Singapore are closely aligned on the priorities shaping the future of global shipping, and we look forward to deepening this partnership to drive the continued growth and resilience of the maritime industry.”

 

Photo credit: Maritime and Port Authority of Singapore
Published: 4 June, 2026

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Emissions reporting

StormGeo and OceanScore link emissions data, compliance workflows

Cooperation combines StormGeo’s expertise in operational vessel and emissions data with OceanScore’s expertise in emissions compliance workflows across EU ETS, FuelEU Maritime and UK ETS requirements.

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StormGeo and OceanScore link emissions data, compliance workflows

Weather intelligence and decision support solutions provider StormGeo and Hamburg-based technology platform OceanScore on Wednesday (3 June) said they have deepened their ongoing cooperation through the signing of a collaboration agreement during Posidonia 2026 in Athens on 2 June.

The cooperation combines StormGeo’s expertise in operational vessel and emissions data with OceanScore’s expertise in emissions compliance workflows across EU ETS, FuelEU Maritime and upcoming UK ETS requirements.

Together, the companies aim to help shipping companies seamlessly navigate increasing regulatory complexity more efficiently — from emissions reporting and data validation to compliance exposure management, pooling and financial settlement.

As emissions regulation becomes an increasingly important part of commercial shipping operations, the need for reliable operational data and streamlined compliance processes continues to grow. The cooperation between StormGeo and OceanScore is designed to support shipping companies with more connected, transparent and actionable processes across operational and commercial teams.

“From the outside, companies like StormGeo and OceanScore may sometimes be perceived as competitors because both operate around emissions and compliance workflows,” said Albrecht Grell, Managing Director at OceanScore. 

“But in reality, the industry increasingly needs both perspectives working together: trusted operational emissions data on one side and commercial compliance execution on the other. Our cooperation reflects that shipping companies are no longer looking for isolated solutions — they need connected processes, automated across different systems and reliable decision-making throughout the full compliance chain.”

By connecting validated operational emissions data with commercial compliance management, the cooperation supports workflows across:

  • emissions reporting and validation 
  • compliance management across EU ETS, FuelEU Maritime and upcoming UK ETS requirements
  • exposure visibility and cost transparency
  • pooling, settlement and financial processes 

The cooperation also aims to improve commercial transparency and coordination across operational and commercial stakeholders.

“StormGeo plays a central role in helping shipping companies turn operational vessel and emissions data into trusted, decision-ready insights,” said Espen Martinsen, Chief Commercial Officer at StormGeo. 

“As emissions regulations become more complex, this data is essential for transparent and efficient compliance management. By working with OceanScore, we can help customers connect StormGeo’s validated operational data with commercial compliance processes, creating a more integrated and practical approach to emissions management.”

The signing ceremony took place at the StormGeo booth during Posidonia 2026 in Athens and was attended by representatives from both companies.

Both companies expect the cooperation to continue evolving alongside upcoming regulatory developments, including FuelEU Maritime, EU ETS, the upcoming UK ETS and future emissions-related frameworks affecting global shipping.

 

Photo credit: StormGeo
Published: 4 June, 2026

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