Industry experts say: "the belt and road initiative" strategy may boost global shipping industry

According to a Reuters report on October 22, due to the slowdown in global economic development, weakening demand for bulk commodities, and the expansion of the shipping fleet, the freight rate of bulk cargo may remain low for several years, and the pressure on the integration of the global shipping industry is increasing day by day.

It is reported that as of mid-October this year, the average daily revenue of capesize ships is about $7196, while the average daily operating cost is about $7300, and the average charter rate is significantly lower than the operating cost. As China's labor costs have tripled in the last 10 years and are now higher than those in South Korea and Japan, weak freight rates will also have a greater impact on China's shipbuilding industry. It is expected that related companies will usher in large-scale restructuring in the next two years. Industry experts predict that China Ocean Shipping (Group) Corporation and China Shipping (Group) Corporation may be about to announce the formation of a combined holding company.

According to industry experts, with the opening of the Panama Canal in 2016 and China's "One Belt, One Road" plan to build the 21st Century Maritime Silk Road, it may bring a new scene to the global shipping industry.