South Korean media: "Who is the maritime power?" China controls 51% of the global merchant fleet, while the US only accounts for 0.1%!
On May 11, South Korean newspaper Munhwa Ilbo published an article stating that the US decision to impose port fees on shipping companies using Chinese-made vessels was seen as a measure to curb China's shipbuilding and shipping industries and rebuild the US shipbuilding industry. As the world's largest shipowner, China holds a 51% share in the global commercial shipping market, far surpassing the US (0.1%).
According to statistics from the United Nations Conference on Trade and Development and others, China's merchant fleet tonnage reaches 32.85 million tons, accounting for 51% of the global market share. South Korea has 18.31 million tons, accounting for 28%, while the US has only 0.1%, or 64,800 tons.
In this way, China's shipping companies have gained huge revenue. In particular, China Ocean Shipping Company (COSCO) recorded revenue of 233.859 billion yuan last year. This figure increased by 33% year-on-year, with net profit increasing by 106% to 49.1 billion yuan. COSCO was rated as the fourth-largest container shipping company globally, handling 335.1669 million TEUs (one TEU represents one standard container), accounting for 10.6% of the global container share. Therefore, as of November last year, COSCO's share in the trans-Pacific route was 12.9%, ranking third, behind CMA CGM (13.2%) and Maersk (13.1%).
China accounts for more than 70% of the global ship orders. According to data from UK-based shipbuilding and shipping market analysis firm Clarkson, the total global orders last year amounted to 65.81 million CGT (2,412 ships), of which China received orders for 46.45 million CGT (1,711 ships, 70.6%).
Original source: https://www.toutiao.com/article/1831790440431658/
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