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Fleet Profile
At the start of the 2024/25 Policy Year, Britannia’s owned tonnage totalled approximately 141.7m gt, in comparison to last year’s total of 142.0m gt.
Through a consolidation of existing members and continuing to support poorer performing members, Britannia’s owned tonnage has remained similar to where Britannia started in the 2023/24 policy year.
Four new Members joined the Association during the 2023/2024 policy year. In addition, two new Members joined at Renewal on 20 February 2024. A significant number of ships were transferred by existing Members from other clubs into Britannia at Renewal and a further 3.3m gt has been committed by current members to join during 2024/25.
European fleets (excluding Scandinavia) make up 39% of the Association’s owned tonnage with Scandinavia at 11%. Our Asian membership now comprises 42%, with entries from Japan (15%), South Korea (10%), Taiwan (7%).
The split of entered ships by type remains broadly unchanged. Bulk carriers continue to make up the majority at 31%, while containers account for 29 per cent, other tankers 17 per cent, and crude tanker, 15 per cent.
Britannia’s chartered entry increased by 4.2 m gt during 2023/24 policy year to 55.2m gt.