Market Share of China Sea Freight Transport Industry
The maritime industry in China is fragmented in nature with a mix of global and local players, this makes the sector highly competitive. Some of the strong players of the country include COSCO Shipping Lines, Sinotrans Limited, China Merchants Group, Hosco Group, and Nanjing Ocean Transport amongst others. As a result of the spread of covid-19, the majority of countries around the world have prohibited imports from China, which had a significant impact on the country's trade. After the restrictions have been lifted companies started to resume their operations and trade volumes also increased. The share of Chinese ships owned by Chinese carriers is less than one-tenth of the international shipping carriers that provide marine services for China's foreign trade in goods, with 90 percent of the cargo carried by foreign-registered ships.
China Sea Freight Transport Market Leaders
COSCO Shipping Lines
SINOTRANS Limited
Hebei Ocean Shipping (HOSCO)
China Merchants Group
SITC International Holdings Company Limited
*Disclaimer: Major Players sorted in no particular order
