China to be the Top Shipping Nation by 2030
China’s total international shipping volume will reach 6.2bn tons, which will account for 17% of the world’s shipping volume, says 2030 China Shipping Development Outlook report published by the Shanghai International Shipping Institute.
Container throughput in China will reach 505 million 20-foot-equivalent units by 2030, three super container hub ports will be formed in Shanghai, Qingdao and Hong Kong, and Chinese firms will become global container terminal operators.
In 2030, China’s coastal shipping volume is projected to reach well over 3.3 billion tonnes, and its coastal container shipping volume around 116 million TEU, taking up nearly half of China’s total coastal transportation.
China’s ship financing will also account for 30 percent of the world’s volume. The report also forecasts that China will be the world’s largest cruise market, and Chinese shipyards are expected to get about 11 percent of the world’s cruise ship orders by the time.
Three or four so-called “super container hub ports” will be formed, including Shanghai, Qingdao and Hong Kong, where higher port activities will be recorded and technology will improve for greater efficiency. More than 95 percent of the coastal ports will integrate their resources with other ports in the cluster through capital injection and strategic cooperation.
The report listed the top 10 ports in 2030 and their annual volumes: Shanghai (52.68 million TEUs), Qingdao (43.15 million), Ningbo-Zhoushan (37.27 million), Tianjin (32.3 million), Shenzhen (30.24 million), Guangzhou (30.07 million), Dalian (27.86 million), Suzhou (23.11 million), Lianyungang (16.67 million) and Xiamen (13.24 million).
More than 95% of China’s coastal ports will integrate resources with other ports in the cluster in the form of capital injection and strategic cooperation.
Chinese enterprises will also build port networks around the globe, especially investing in port network in South America, North Africa, Southeast Asia, the Middle East and other developing countries and countries with strategic cooperation with China.
