A small nitpick about the 40% figure: different type of oceanic shipping are “counted” different ways. Crude/products (and bulks) are counted by deadweight (DWT) while container shipping is counted by twenty foot equivalent units (TEU). Passenger ships by people, RoRo/PCTCs by lane miles, etc. There are other more esoteric examples as well.
A small nitpick about the 40% figure: different type of oceanic shipping are “counted” different ways. Crude/products (and bulks) are counted by deadweight (DWT) while container shipping is counted by twenty foot equivalent units (TEU). Passenger ships by people, RoRo/PCTCs by lane miles, etc. There are other more esoteric examples as well.