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Home CHINA-CPEC-BRI China's Marine Shipping industry braves headwind & makes headway

China’s Marine Shipping industry braves headwind & makes headway

BEIJING: With ships fully adorned with brightly colored signal flags, Shanghai Port was in festive atmosphere on July 11. At 9 a.m. sharp, all Chinese vessels whistled in unison for one minute, to usher in the Maritime Day.
At the same time, 17 sailboats cruised along the Huangpu River in Shanghai, also part of the activities to mark the special day, the 17th in the country.
The event was established in 2005 in commemoration of the 600th anniversary of renowned ancient Chinese navigator Zheng He’s voyages to Southeast Asia and East Africa in the 15th century, which charted the routes of the ancient maritime silk road.
This year, various activities took place across the country, including a maritime forum held in Zheng’s hometown Kunming, capital of Yunnan Province. At the virtual opening ceremony, Zhao Chongjiu, Vice Minister of Transport, said China’s shipping industry has made remarkable achievements, and become a globally important and influential player. He added that the sector has played an important role in boosting foreign trade, serving national economic and social development, and safeguarding China’s maritime rights and interests.
The shipping industry is committed to building a modern and high-quality transportation system that is convenient, efficient, green, intelligent, safe and reliable, He Jianzhong, Chairman of China Institute of Navigation, said at the forum. He also spoke highly of the industry’s seafaring spirit, which features virtues such as a pioneering spirit, pragmatism, solidarity and dedication.
An important player
With 18,000 km of coastline and more than 11,000 islands, China is a big maritime country, as well as a shipping and shipbuilding power in the world.
In 2020, China’s total port cargo throughput and container throughput ranked first in the world, respectively reaching 14.55 billion tons and 260 million 20-foot equivalent units, Zhao said at a press conference on June 24.
That year, eight Chinese ports were listed among the top 10 in the world in terms of cargo throughput, and seven among the top 10 in terms of container throughput.
At of the end of 2020, the total shipping capacity of China’s maritime fleet reached 310 million deadweight tons, the second largest worldwide.
China COSCO Shipping and China Merchants Group were respectively the first and second largest among the world’s shipping enterprises.
Marine shipping has played an important role in supporting foreign trade and boosting overall economic development of China, the globally largest trader in goods. About 95 percent of the country’s imports and exports are delivered through marine shipping.
Moreover, the industry is essential to the building of a community with a shared future for humanity. It serves the 21st-Century Maritime Silk Road Initiative, proposed by China in 2013 to promote cooperation and common development among participating countries along the routes.
– The Daily Mail-Beijing Review News exchange item

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