At the beginning of 2008, the total passenger and cargo passenger fleet for ships of 300 gt and over was composed of 4,135 ships totalling approx. 31.2 mill gt and representing 4.3 per cent of the total gt tonnage of the world merchant fleet. During the period January 1 st, 2004 - January 1st, 2008, the passenger and cargo passenger tonnage expanded on average by 3.4 per cent per year in terms of gt. Table 1 indicates the composition of the total passenger fleet, which includes besides 1,545 "pure passenger ships" 2,590 "cargo passenger ships". The passenger fleet is, as the following table shows, composed of various sub-types having their own momentum in the market. At the beginning of 2008, the following sub-types specified by LR/Fairplay can be distinguished:
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