The world’s commercial fleet grew by 3.5% during the 12 months to 1 January 2015, the lowest annual growth rate in over a decade, according to the United Nations Conference on Trade and Development (Unctad) Review of Maritime Transport 2015.
The African country with the largest fleet ownership is Angola, followed by Nigeria and Egypt. Morocco, Egypt and South Africa were shown to be the best connected countries in Africa, which reflects their positions at the corners of the continent, says the report.
The report further notes that total tonnage delivered in 2014 was only slightly more than half the tonnage delivered in the peak year of the historically largest shipbuilding cycle in 2011.
