- Ocean Network Express operates the largest fleet with 236 vessels.
- Vessel values have surged due to rerouting around the Cape of Good Hope.
- Eastern Pacific Shipping owns the most valuable fleet, worth USD 21.08 billion.
With data from VesselsValue, this report examines in detail the Singaporean fleet, including live, launched, and on-order ships. The report highlights the top 10 Singapore-flagged vessel owners, the top 10 Singapore-based operators, and the top 10 Singaporean beneficial owners.
Top Owners of Singapore-Flagged Vessels

- Moller Maersk – 119 vessels, valued at USD 6.35 billion.
- Wan Hai Lines – 111 vessels, valued at USD 6.35 billion, due to a large orderbook and a modern fleet averaging seven years old.
- Pacific International Lines (PIL) – 73 vessels, valued at USD 2.87 billion.
- Evergreen Marine Corp – 58 vessels, but ranks highest in fleet value at USD 6.47 billion, consisting solely of larger modern Container vessels with a strong orderbook.
- Grace Ocean Investment – 54 vessels, valued at USD 2.2 billion.
- NYK – 39 vessels, valued at USD 4.5 billion, benefiting from high-value ships.
Top Singapore-Based Operators

Among Singapore-based operators, Ocean Network Express (ONE) leads in both fleet size and value:
- Ocean Network Express (ONE) – Operates 236 vessels, with a total value of USD 22.17 billion.
- Eastern Pacific Shipping – Holds 197 vessels, valued at USD 19.93 billion.
- Pacific International Lines (PIL) – Owns 102 vessels, valued at USD 5.91 billion.
The leaders among the three operators are based mainly in the Container segment, which has shown tremendous value growth over the last year. An example is Panamax Containers of 15 years (4,250 TEU), which achieved a year-over-year value rise of 79.57% from USD 20.7 million to USD 37.17 million. This increase is largely due to rising ton-mile demand, where ships divert around the Cape of Good Hope due to conflict at the Red Sea.
Top Singaporean Beneficial Owners

- Eastern Pacific Shipping – 205 ships, worth USD 21.08 billion, with an orderbook of 118 ships across Container, Tanker, Bulker, LNG, LPG, and Vehicle Carrier segments.
- Pacific International Lines (PIL) – 87 ships, worth USD 4.24 billion, comprising all Container ships in the New Panamax to Feedermax sub-segments.
- Hafnia – 85 ships, worth USD 2.94 billion, with Tankers in the Aframax to Handysize segments.
In contrast to the Container market, Tanker values fell this year after reaching a 15-year peak. To illustrate, 15-year-old Aframaxes (110,000 DWT) fell 21.43% year-over-year, from USD 42.84 million to USD 33.66 million, as market volatility and lofty prices bear down on purchase and sale activity.
Singapore’s Maritime Industry: A Global Powerhouse
Singapore’s maritime industry continues to be a leading player in international shipping, with its owners, operators, and beneficial owners at the helm of industry trends. The Container industry has seen substantial value appreciation, affirming Singapore’s strategic vision and resilience. As a leading international shipping hub, the nation continues to navigate multiple sectors’ diverse fleets, reiterating its leadership role in maritime trade in the long term.
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Source: VesselsValue