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Clarkson: Five nations behind half of the new ships

Norway tops the list of countries to have financed the most newbuildings, while Germany has been left in the wake, according to new numbers.

Photo: Stena Bulk

Investors in Germany and Japan accounted for almost one third of all newbuildings financing during the boom ahead of the financial crisis in 2008. In 2005 the five countries were responsible for a total financing of USD 34.4 billion, but neither Germany nor Japan have been in the Top 5 since 2008, according to numbers from Clarkson. In Germany's case, the high ranking during the global boom was the result of the country's KG scheme, which provides tax benefits for private investors.

Today the five big countries financing a majority of the newbuildings for the global commercial fleet are Norway, China, Greece, the United States, and France. All together, investors from these countries invested close to half - or 48.9 percent, corresponding to USD 39.6 billion - of all newbuildings in 2009.

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