Shipping industry of China
In 1961 China established a state-run maritime shipping company and subsequently signed shipping agreements with many countries, laying the foundation for developing the country's ocean transport. That organization developed into the present-day China Ocean Shipping (Group) Company (COSCO). The Chinese government also invested heavily in water transport infrastructure, constructing new ports and rebuilding and enlarging older facilities. A major effort has also been made to increase mechanization and containerization at major international ports.
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Shipping industry of China
In 1961 China established a state-run maritime shipping company and subsequently signed shipping agreements with many countries, laying the foundation for developing the country's ocean transport. That organization developed into the present-day China Ocean Shipping (Group) Company (COSCO). The Chinese government also invested heavily in water transport infrastructure, constructing new ports and rebuilding and enlarging older facilities. A major effort has also been made to increase mechanization and containerization at major international ports.
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In 1961 China established a st ...... an annual growth rate of 35%.
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In 1961 China established a st ...... at major international ports.
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Shipping industry of China
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