China is the world’s leading international shipping nation, according to a new report presented at a Hamburg trade fair on Sept 5.
The study by the classification society, DNV GL and Menon Economics, highlights the 30 leading maritime nations around the world in four sectors: shipping; maritime finance and law; maritime technology; and ports and logistics.
The report “is an attempt to understand the key drivers behind national maritime success.” The 2018 report ‘The Leading Maritime Nations of the World’ follows last year’s survey, but the focus has shifted to an extensive review of the maritime industry at the national level. China got top rating
s in all four sectors and its position was particularly strong on the ports and logistics sector with the world’s largest container and bulk cargo ports. Erik W Jakobsen, managing partner in Menon Economics and co-author of the report, said: “It should not surprise us though, since China is the largest exporting and importing country of the world.”
In second place is the United States followed by Japan in third and in joint fourth were Germany, Norway and South Korea. The study said the USA, an economic superpower, had major ports and maritime cities both on the east and west coasts.
The report said Germany’s strength lies in its consistency with a top five spot in three sectors, whereas Norway has its strongest positions within maritime finance and law and maritime technology, while South Korea scores top in maritime technology and is among the top 10 in shipping and ports and logistics.