Chinese shipowners dominated sale-and-purchase activity among Asian shipowners during the first three months of 2024, according to figures compiled by Veson Nautical.
They spent over $2.3bn on a total of 74 vessels — nearly three times the amount spent by the second-largest spenders, South Koreans.
Seoul-based owners spent a total of $844m on just 16 ships between January and March this year.
