The Rise and Rise of Chinese Shipping 2002-2050

Start date: 12th Feb 2020, 19:00
Venue: ACM, Monaco
Speaker: Mark Williams, Managing Director, Shipping Strategy Ltd

Topic description:



* Note: Event is held on WEDNESDAY.

Since China joined the WTO at midnight on 31 December 2001, its supercharged economic growth has propelled it to become the world’s second largest economy. China is the world’s manufacturing hub. It is the world’s biggest volume importer of raw materials and of manufactured goods. Via its Belt and Road Initiative, China has not only projected soft power around the world, projecting an image as the guardian of globalisation and free trade in opposition to the protectionism and bilateralism currently fashionable in Washington, DC. China’s phenomenal growth would have been impossible without the flexible, affordable and reliable support of the global shipping industry. But at the same time its state owned shipyards, ship operators, port operators and banks have evolved into world-leading corporations with global reach.

In the next 20 years, China aims to fulfil its “great reawakening” and to take first position among the global powers. During this time, China’s maritime industry is perfectly placed to take advantage of Industry 4.0, technical, environmental and economic changes to become the world’s pre-eminent force in shipping. It will own more ships, build more ships, operate more ships and control more shipping as a proportion of the global total than any country since the height of the British Empire. The question for the rest of us is, what will be left for us? In this presentation, Mark Williams will outline the scale of China’s growth and current position and identify key trends for the next twenty years.

CV:

Mark has worked as an analyst and consultant in the shipping and energy industries since 1996. In that time he has advised major ship owners, investors, banks, insurers and regulators, national and international energy companies and traders. He has built several successful research and consultancy teams and has experience of establishing start-ups.

Mark is a regular speaker at international shipping conferences and in the wider media. He has made many presentations on macro-economics and shipping to ship owners and operators, ship builders and insurers, shipping banks and investors around the world.

Mark is a published author of articles on shipping and operational research. He is a member of the Energy Institute, the Baltic Exchange and the Connecticut Maritime Association.

Specialties: Maritime and energy economics, dry cargo, tankers, oil, gas, containers, container shipping, forecasting, business strategy, private equity, ship finance, ship broking, valuations