Tuesday, May 14, 2019

Chinese investments in foreign ports

-Chinese investment in foreign ports

1-12-17    Investments into a vast network of harbors across the globe have made Chinese port operators the world leaders.  Its shipping companies carry more cargo than those of any other nation — five of the top 10 container ports in the world are in mainland China with another in Hong Kong. Its coastguard has the globe’s largest maritime law enforcement fleet, its navy is the world’s fastest growing among major powers and its fishing armada numbers some 200,000 seagoing vessels….
  Nearly two-thirds of the world’s top 50 had some degree of Chinese investment by 2015, up from about one-fifth in 2010, according to FT research.  And those ports handled 67 per cent of global container volumes, up from 42 per cent in 2010, according to Lloyd’s List Intelligence, the maritime and trade data specialists.  If only containers directly handled by Chinese port operators are measured, the level of dominance is reduced but still emphatic.  Of the top 10 port operators worldwide, Chinese companies handled 39 per cent of all volumes, almost double the second largest nation group, according to data from Drewry.  https://ig.ft.com/sites/china-ports/
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10-9-18   We handed over control of our most important port to a company that's not even in the European Union," Nouchoutidis says. "The EU pushed us to do it. ... They will see the damage to our interests in a few years.”  https://www.wbur.org/npr/642587456/chinese-firms-now-hold-stakes-in-over-a-dozen-european-ports
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2-26-2006  Mr. WATERS:  Other than that, the rest of the terminals, which comprises about 80 percent of those terminals we're talking about, are operated by foreign entities, primarily shipping lines.
DAVIDSON:  So United States companies have eight, foreign companies have 80.  Those companies managing U.S. terminals are all over the world, in China, Denmark, Singapore, South Korea.    https://www.npr.org/templates/story/story.php?storyId=5234177
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  PSA (Port of Singapore Authority) operates terminals in 15 countries, Denmark's Maersk Line has 76 ports in 41 countries,  Switzerland's Mediterranean Shipping Co (MSC) has 35 terminals in 22 countries, while Dubai's DP World runs 77 ports in 40 countries.  So if we just look at the raw numbers it would seem as if China's maritime movements are in step with the rest of the world….
  China’s International port holdings also tend to be very strategically positioned, not only connecting together like a dot-to-dot across the map of Eurasia but also linking in with the overland Silk Road at key junctions, providing China with a new array of options for getting commodities and goods in and out of  the country -- a series of backdoors, if you will.  Theoretically if one shipping trade lane goes down China can bypass it by increasing the flow through another.
  Example: The $10 billion Kyauk Phyu Special Economic Zone in Myanmar isn’t only becoming a Chinese shipping/manufacturing epicenter on the cusp of Southeast and South Asia, but is one of the points where China's maritime and overland Silk Roads connect, with a corridor that shoots north to Kunming in southwestern China that is already being provisioned with gas and oil pipelines. This provides China with a direct route to the sea for energy shipments coming from the Middle East that completely bypasses the heavily U.S.-influenced Strait of Malacca, which could theoretically be flipped off like a switch in a time of crisis, cutting China off from most of its west-bound maritime trade routes….
  Another key area where China’s port acquisitions diverge from those of other countries is the fact that they are often not only developing mere seaports but complete transport-centric economic zones, which generally include manufacturing areas, business centers, power plants, and, occasionally, residential housing projects.  With China, emerging markets can get an entire slate of development in one fell swoop.  https://www.forbes.com/sites/wadeshepard/2017/09/06/chinas-seaport-shopping-spree-whats-happening-as-the-worlds-ports-keep-going-to-china/#6786c6c04e9d
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1 comment:

  1. Thanks you for sharing this unique useful information content with us. Really awesome work. keep on blogging shipping from china

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