Seaborne trade expands globally for second straight year, says UN
17 Nov '06
2 min read
During the period 2003-2005, the economic performance of countries in Sub-Saharan Africa remained below that recorded by developing economies as a whole.
In 2005, the total tonnage of the African merchant fleet, including the open registry of Liberia, reached 98,563 thousand dwt, or 10.3 per cent of the world total.
The share of Sub-Saharan African countries in the African merchant fleet, excluding major open registry, increased to 41.7 per cent.
The average age of African developing countries' merchant fleet, not taking into account major open registry, is 20.5 years, considerably older than the world average.
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