Pacific International Lines holds bragging rights in Singapore as the owner of the Lion City’s most valuable fleet, data shows.

Its 138 vessels are worth a collective $3.39bn, according to VesselsValue, ahead of Eastern Pacific Shipping’s $1.13bn 80-ship stable.

Overall Singaporean owners control a fleet of just under 2,000 ships worth $35.4bn, the valuation service said in a report.

Its calculations show this gives Singapore the most valuable fleet per capita, ahead of Norway and Denmark.