After two years’ research, Shanghai International Shipping Institute (SISI) released China Shipping Development Outlook 2030, which has drawn a blueprint for the medium term future of China's shipping industry.
By 2030, China's total international shipping volume will reach 6.2bn tons, which will account for 17% of the world's shipping volume.
China is expected to exceed Greece in terms of total fleet capacity by 2030.
Container throughput at Chinese ports will reach 505m TEU in 2030 with an average growth rate of about 6%.
4. Shipping finance and insurance
China's ship financing will account for 30% of the world's volume.
China will be the world's largest cruise market and Chinese shipyards are expected to get about 11% of the world's cruise ship orders by the time.
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