UK Ship Register up to 14th in world flag ratings
The gross tonnage on the UK Ship Register (UKSR) has increased by more than six per cent this year.
It means that the UKSR is now 14th place on world fleet tonnage volume statistics.
The rating by Clarksons measures the number of vessels and gross tonnage and shows there has been nine months of continuous growth in the UK Flag.
In October, the UKSR experienced a net gain of 27,806 GT resulting in the overall flag total at 16,186,843 GT which is the highest since August 2013.
Recent flag ins include vessels from Northern Marine Management and Stolt Tankers.
The average age of 85% of internationally trading ships greater than 500 GT on the UKSR again fell to 9.52 years, while the average of the whole UK fleet over 100 GT also fell to 20.48 years. This is its lowest total since the end of 2013.
Doug Barrow, Director UKSR said, ‘This is hard evidence of the work the UKSR is doing by providing a “fit for service” register that is flexible and meeting quality customer requirements’.