Marshall Islands Surpasses Bahamas in World Flags Table

The Marshall Islands has surpassed the Bahamas in the World Flags Table, becoming the world's third largest registry, only behind Panama and Liberia.

The Marshall Islands has surpassed the Bahamas in the World Flags Table, becoming the world's third largest registry, only behind Panama and Liberia. Its growth rate over the last year was over three times the Bahamas' growth rate.

According to Clarkson Research Services, the Marshall Islands had accumulated 50.7 gt as of the start of 2010.

The Bahamas had accumulated 49.6 gt, yet has registered 27 more ships than the Marshall Islands.

Here are the top ten flags, as of January 1 2010:

Top 10 flag states by tonnage

Flag state Number of vessels Million gross tonnes % rise from 2009
Panama 8,084 194.4 6.9
Liberia 2,448 89.3 9.8
Marshall Islands 1,456 50.7 14.9
Bahamas 1,483 49.6 4.2
Hong Kong 1,547 45.0 16.2
Singapore 2,965 42.0 4.1
Greece 1,543 40.5 10.4
Malta 1,630 34.7 17.3
China 3,703 32.0 9.2
Cyprus 1,060 21.2 2.4
Source: Clarkson World Fleet Monitor

A summary of Clarkson's full report can be found here.