Tonnage is one of the most confusing aspects of maritime terminology because several entirely different quantities share the same word. Gross Tonnage (GT) and Net Tonnage (NT) are measures of enclosed volume, expressed as pure numbers with no unit. Deadweight Tonnage (DWT) is a mass measurement in metric tonnes. Light Displacement Tonnage (LDT) and displacement are also mass measurements. Using the wrong figure in a commercial or regulatory context can have significant consequences — a charter party specifying 75,000 tonnes of cargo on a ship with 75,000 DWT ignores the fuel, water, and stores that must also fit within that DWT.
The baseline international framework is the International Convention on Tonnage Measurement of Ships, 1969 (ITC 1969), which governs GT and NT calculation. Canal authorities — the Suez Canal Authority (SCA) and Panama Canal Authority (ACP) — apply their own derived or separate measurement systems for toll calculation.
A measure of a ship's total enclosed internal volume, calculated per the International Convention on Tonnage Measurement of Ships, 1969 (ITC 1969). The formula is GT = K₁V, where V is the total volume of all enclosed spaces in cubic metres and K₁ is a coefficient (K₁ = 0.2 + 0.02 × log₁₀V). The result is a pure number — not tonnes, not cubic metres. Formerly expressed as 'gross register tons' (GRT) under earlier measurement systems, GRT and GT are similar in magnitude but not identical.
A Panamax bulk carrier of 75,000 DWT has approximately 38,000–42,000 GT.
Derived from GT; NT represents only the earning capacity of the ship — the volume of cargo spaces and passenger spaces that generate revenue. Non-earning spaces (machinery, crew accommodation, navigation spaces) are subtracted from the GT calculation. NT is calculated per ITC 1969 and may not be less than 0.30 × GT. Like GT, NT is a dimensionless number and carries no unit.
For the same Panamax bulk carrier with ~40,000 GT, NT is typically 22,000–27,000.
The total mass, in metric tonnes, that a ship can carry when loaded to her summer load line — including cargo, fuel, fresh water, ballast water, provisions, and crew and their effects. DWT is not a volume measurement; it is a mass measurement. Summer DWT is the most commonly quoted figure. Scantling DWT (maximum structural DWT, at the tropical or scantling draught) may be higher. DWT is the primary commercial descriptor for bulk carriers, tankers, and general cargo vessels.
A Suezmax crude oil tanker at 155,000 DWT has approximately 80,000 GT and 50,000 NT.
The mass of the ship in its lightship condition — hull, machinery, equipment, and all permanently fitted items — but without any cargo, fuel, ballast water, fresh water, stores, or crew. LDT and LWT are used interchangeably in practice. It is calculated as: LDT = Loaded displacement − DWT. LDT is a measure of the mass of steel and equipment in the ship itself.
A 155,000 DWT Suezmax tanker has an LDT of approximately 20,000–25,000 t. At $600/LDT scrap price, the demolition value is roughly $12–15 million.
The total mass of the ship at any given loading condition, equal to the mass of water displaced (Archimedes' principle). Displacement = LDT + DWT contents actually loaded. Loaded displacement (at summer load line) = LDT + full DWT. Light displacement = LDT (empty ship). Displacement is the most physically meaningful measurement of a ship's total mass but is not routinely used commercially — it is the primary reference for naval architecture and stability calculations.
The 155,000 DWT Suezmax tanker fully loaded has a displacement of approximately 175,000–180,000 t.
The International Convention on Tonnage Measurement of Ships, 1969, entered into force 18 July 1982. It replaced the pre-existing national systems (British 1854, Oslo 1947) with a single worldwide standard. ITC 1969 GT and NT are measured by flag state surveyors or classification societies on behalf of the flag, and recorded on the International Tonnage Certificate (ITC). All ships of 24 metres in length and above must hold an ITC.
The Suez Canal Authority (SCA) has its own measurement system — the Suez Canal Net Tonnage (SCNT) and Suez Canal Gross Tonnage (SCGT). These are derived from ITC 1969 figures but with SCA-specific adjustments. Suez Canal dues (called 'Special Drawing Rights' or SDR-denominated tolls) are calculated on SCNT. Vessels that have a Suez Canal Certificate (issued by SCA surveyors) pay tolls based on that figure, not on ITC NT. Significant differences can arise, particularly for container ships with large deck areas.
Until 2016, the Panama Canal Authority (ACP) used PC/UMS — its own volumetric system expressed in 'Panama Canal tons' (one PC ton = 100 cubic feet). Since the expanded canal opened in June 2016, the ACP moved to a GT-based system for New Panamax (Neopanamax) locks, while legacy Panamax locks continued to use PC/UMS. Tolls for the expanded locks are based on TEU capacity (containers), passengers, or DWT (liquid bulk), making the measurement system less dominant for large vessels.
These relationships are approximate and vary by ship type and design, but are useful as sanity checks: