Talks taking place between the US and China in Alaska this week underline the enormous importance of China’s growth, as evidenced in the maritime sector where China has become the leading maritime nation on earth. Polaris works in the Chinese maritime sector helping Chinese companies communicate in English with Western style marketing. China also features in Polaris MD Ben Pinnington’s forthcoming book ‘Making Waves: PR strategies to transform your maritime business.’ Research for the book reveals:
* Since opening up its economy in 1978 China has become the biggest #maritime nation on earth.
* The 2018 Leading Maritime Nations of the World report produced by DNV GL – Maritime says China is number one thanks to being immensely strong in ship owning, ship finance, ship management and shipbuilding where it controls more than 40pc of global shipbuilding predicted to increase to 55pc by 2030.
* When Polaris promoted the British Pavilion with the Society of Maritime Industries (SMI) at the #Marintec trade fair in #Shanghai in 2019 we reported that China is home to 400 ship owners, 133 shipyards with at that time a staggering 1,483 ships on their order books.
* China is home to 7 of the 10 largest ports in the world.
* China’s commercial fleet ownership is set to rival Greece and the rest of the Europe. China holds 13 per cent of the world fleet share, and Greece follows with 8pc. China is home to 6,738 #ships of 1,000 gross tons compared to Greece 4199.
* #China has biggest navy in the world. It has 400 warships and submarines compared to USA’s technically superior 288.