Despite slowing newbuilding deliveries, the world fleet has topped 100,000 ships for the first time, according to Clarksons Research.
The company calculates these vessels are worth a combined $976bn, with a quarter classed as "modern eco" tonnage and 20% fitted with scrubbers.
In 2006, the fleet was just passing the 70,000 mark, but less than four years later, this total had hit 80,000.