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The Ministry of Transport
- China's shipping industry and container transportation have reached international standards both in handling efficiency and building networks. The governmental responsibility of the shipping industry is under the Ministry of Transport.
en.wikipedia.org/wiki/Shipping_industry_of_China
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The governmental responsibility of the shipping industry is under the Ministry of Transport. The number of container units handled by Chinese ports in 2011 reached more than 150 million. The country also manufactures 90% of the world's containers.
Sep 25, 2024 · China is a leader in the global shipping industry, handling a significant portion of the world’s maritime trade. Major shipping companies, such as China COSCO Shipping Corporation, are ranked among the largest in the world.
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Jan 10, 2024 · Aside from being home to the busiest container ports worldwide, China has also been the global leader in shipbuilding since 2010, exporting mainly bulk carriers, oil carriers, and container...
Oct 3, 2024 · Amid global changes unseen in a century and technological transformation brought about by the COVID-19 pandemic, China is well positioned to lead the international shipping industry in establishing a world innovation and knowledge center for sustainable transportation, officials and industry insiders said at a forum on Wednesday.
- The Issue
- The Rise of China’s Shipping Industry
- Subsidies
- Cost of Borrowing
- Equity Infusions
- Lending and Leasing
- Favorable Regulatory and Legal Treatment
- Observations and Further Research
- Methodology
Chinese companies are increasingly dominant across the maritime supply chain,aided by a complicated and opaque system of formal and informal state support that is unrivaled in size and scope.Combined state support to Chinese firms in the shipping and shipbuilding industry totaled roughly $132 billion between 2010 and 2018, according to CSIS analysis.This includes financing from state b...While most analysis focuses on more traditional types of state backing, most notably direct subsidies, we find that China has evolved increasingly sophisticated financial tools to select and suppor...Chinese companies are increasingly dominant across the entire global maritime supply chain, controlling the world’s second-largest shipping fleet by gross tons and constructing over a third of the world’s vessels in 2019.1 They also produce 96 percent of the world’s shipping containers, more than 80 percent of the world’s ship-to-shore cranes, and ...
The most direct way Beijing supports its shipping and shipbuilding industry is through traditional subsidies, which listed firms disclose on their annual reports. For the 35 listed Chinese shipping and port management firms between 2007 and 2019 (the earliest time period for which complete data was available), Beijing provided $3.4 billion in total...
While there is no precise calculation of the “implicit guarantee” advantage Chinese shipping and shipbuilding firms enjoy when they borrow in domestic financial markets, there is ample evidence that such advantages exist. Utilizing existing research on the borrowing advantage SOEs receive in general, we can make some initial calculations. Using dat...
The sale of company equity to outside investors is common in all developed capitalist economies. Indeed, China’s shipping and shipbuilding SOEs have been active in capital markets, engaging in transactions that appear identical in form and substance to other major listed corporations. Yet these SOEs can sell equity under the guidance of their ultim...
In just over a decade, China has become the preeminent financial power in the shipping industry. Following the 2008 global financial crisis, European banks withdrew from the shipping sector. Some folded altogether, and those that remained scaled backed their loan portfolios, raised rates, and made qualifying criteria more stringent. Chinese banks r...
While outside scrutiny remains focused on China’s more overt support for domestic companies (state-owned and non-state-owned alike), Beijing is increasingly turning to more sophisticated tools to boost the competitive and strategic position of its firms, including making regulatory adjustments that tilt the playing field in favor of preferred firms...
China’s rise in the wake of the 2008 financial crisis underscores the need to closely monitor strategic sectors in today’s uncertain economic environment. The financial stress from the Covid-19 pandemic is making companies vulnerable to foreign M&A and investment. The shipping sector’s experience after 2008 is a cautionary tale of what happens when...
Direct subsidies were calculated based on data reported by 47 listed companies. As of 2019, there are 11 Chinese shipping companies, 24 Chinese port management companies, and 12 Chinese shipbuilding companies listed in the stock markets in China and overseas. They disclose direct subsidies in their annual reports. 2007 is the earliest year for whic...
Nov 10, 2021 · China shipping: from its monopoly on containers, to its critical role in the global supply chain. SCMP Knowledge. As the world's largest exporter and producer of industrial goods, China's...
With roughly 80 percent of global trade moving by sea, tapping into maritime shipping networks has been central to China’s strategy of export-led economic development. To facilitate the flow of goods in and out of the country, China has developed some of the world’s largest and busiest ports.
