shipping from China by sea | What is shipping?

What is shipping?
Ocean transportation is the most important mode of transportation in international logistics. It refers to a way of using ships to transport goods between ports in different countries and regions through sea lanes. More than two-thirds of the total international trade volume, and about 90% of China's total import and export freight volume are transported by sea.
With the rapid development of China's economy, China has become one of the most important shipping powers in the world. In the new century, China's shipping industry has maintained a momentum of rapid growth, with port throughput and container throughput developing at an average annual rate of 16.5% and 30% respectively.
In 2007, China's marine transportation industry continued to maintain rapid development, achieving an added value of 341.4 billion yuan throughout the year, an increase of 21.1% over the previous year. By 2007, the number of large ports with 100 million tons has grown from 3 in 2000 to 14, and the throughput of Shanghai Port has increased from 204 million tons to 531 million tons, making it the largest port in the world in 2005. The container throughput of Shanghai Port was 26.15 million TEUs, ranking second in the world for the first time, second only to Singapore. The five major transportation systems of China's coastal mines, coal, oil, containers, and grain have been basically established. The port cargo throughput and container throughput have been ranked first in the world for five consecutive years. The annual container throughput exceeded 100 million containers for the first time in 2007, and the shipping capacity exceeded 100 million. Deadweight.
In the first half of 2008, the overall prosperity of China's shipping market rose, and market segments were clearly differentiated. In the second half of 2008, the accelerated transmission of the financial crisis to the real economy was making the global shipping industry into a predicament of depression. In contrast to the industry’s exclaiming “the shipping industry is experiencing an excellent development opportunity that it has not seen in a decade” a few years ago, this sudden major setback is very dramatic. The extreme importance that the shipping industry of various countries in the world has shown to this crisis, especially its full understanding of the severe situation in its future development, is sufficient to reflect the depth of the setbacks and impacts of the crisis on the shipping industry.
In the face of crisis, for everyone, there are both dangers and opportunities. The financial crisis has provided opportunities for the upgrading and development of China's shipping industry. The decline of the shipping industry from the high profit range will directly accelerate the pace of survival of the fittest and resource integration by shipping companies, and accelerate the development of large-scale and professional shipping ships. The financial turmoil has also created conditions for the transformation of the shipping industry's development mode. Shipping companies have actively expanded the fields and scope of cooperation with capital, finance, insurance and other industries to improve their scientific development capabilities. The economic crisis has caused the current prices of ships and steel to drop sharply, creating conditions for shipping companies to achieve low-cost expansion.
The "national cargo transportation" strategy of China's shipping industry has accelerated in recent years, and the cooperation between shipping companies and customers has become closer and closer. In addition to shipping companies signing long-term contracts with major customers for the import of iron ore, crude oil and other bulk cargoes, cooperation between shipping companies and customers to form joint venture transportation companies has also begun to appear. The country's energy transportation plan will increase the proportion of oil and bulk raw materials transported by Chinese ships to more than 50% by 2010, and gradually increase to about 80% by 2015.
Since the reform and opening up, China’s foreign trade has grown rapidly, and the total volume of import and export trade ranks among the top in the world. In 2007, China’s foreign trade import and export volume increased sharply, reaching a record high of US$217.83 billion. From January to September 2008, China’s total foreign trade import and export volume reached a record high of 217.83 billion U.S. dollars. The value is close to 2 trillion US dollars, reaching 19671 billion US dollars, and more than 90% of China's foreign trade transportation volume is completed by sea transportation. In the long run, the development prospects of China's shipping market are attractive.