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European Shipowners Lead on Green Vessels, Asia Accelerates Fleet Expansion
New data points to intensifying competitive pressures around fleet growth and access to sustainable fuels for European shipping. As reported by the European Community Shipowners’ Association (ECSA), European-controlled vessels account for 34.5% of the global fleet, equivalent to approximately 570.5 million gross tons. The ECSA study noted that European operators control 45% of the world’s