According to the Global Marine Trends 2030 report, China will continue to grow, prosper and evolve into the role of a dominant world superpower, particularly with regards to the commercial maritime shipping industry. In fact, it has been widely suggested that the Chinese shipping industry will likely own and operate up to 25 per cent of the world’s commercial shipping fleet, by the year 2030.
In order to meet the rising demand from China and the other prospering nations in the emerging and developed world, the shipping industry is expected to increase its transport capacity from nine billion tonnes a year to between nineteen billion and twenty-four billion tonnes a year. In doing so, the world’s container ship fleet will double its current carrying capacity to 450 million gross tonnes, by the end of 2030. This is expected to considerably increase the demand for cargo containers, and in turn, the need for shipping container investments to accommodate the rising need.
Fueling the momentous growth that is leading up to 2030, China has experienced an incredible 14.1 percent surge in imports, a figure that was so astounding that it eclipsed the country’s export growth of 10 per cent. Many experts believe that these figures are a positive sign that domestic demand in the world’s second biggest economy is gathering the momentum it needs to drive a speedy economic recovery and continue to generate long-term investment success for an international community of happy investors.
“Whichever scenario you look at, we have impressive growth by 2030,”- the Chief Executive of Lloyd’s Register.
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