Journalists saw that among them there were not only Fortune Global 500 companies such as China COSCO Shipping Group, State Power Investment Corporation and Siemens, but also foreign-funded and listed companies such as China Railway Special Cargo, China Master Logistics, and Vallourec. During the shipping exhibition, 65 key projects were signed, with a total investment of nearly 40 billion yuan, covering many fields such as shipping capacity, new production capacity of shipping, green port, shipping finance, and port trade.
Caixin Global reported on July 12th (Reporter Guo Songqiao) that the shipping industry is an important foundation for economic and social development, as well as an important bridge and link for international trade. The 2024 Tianjin International Shipping industry expo was held in Tianjin from July 10th to 13th.
This year's shipping exhibition is themed "Communicating Worldwide, Operating the Future - Unimpeded Domestic and International Dual Cycle" and invites Fortune Global 500 companies and listed companies from the domestic and foreign ports, shipping, and related upstream and downstream industries to participate in the exhibition.
Technology competition promotes new production capacity, and shipping economy bursts with "blue" power.
Caixin Global reporters saw at the N17 port equipment exhibition area in the National Convention Center (Tianjin) that the most popular technological innovations such as roaming robot dogs, various types of drones, articulated robots, new energy trucks, and others have attracted many visitors. These hardcore technologies have been applied to various scenarios such as port inspection, low-carbon logistics, smart terminals, and smart shipping.
Marine equipment such as Ocean Oil 122, "Sea Anemone No.1," "Haiji No.2", "Deep Sea No.1", new energy power vessels, "zero-carbon" waterside comprehensive service areas, etc., tell the story of the power in a mighty nation. Revitalizing the shipping economy depends on technology. The giant ship of the shipping economy is making waves and chasing dreams in the driving force of the "blue engine".
These technological achievements demonstrate the innovative and developing trend of the global shipping industry. The exhibition is divided into nine main themed areas in international ports, international shipowners, port equipment, international freight forwarders, shipping services, shipping logistics, air cargo, shipping business travel, port-city integration and development achievements. Through physical objects, models, graphics and video, digital interactive, sand table demonstrations, and other forms, it comprehensively displays innovations in various fields such as technology, advanced equipment, brand services, real applications, and vision blueprint.
Over 400 domestic and foreign leading enterprises, listed companies, well-known ports, and professional institutions are participating in the exhibition, showcasing the latest developments in the world's cutting-edge dynamics and the latest developments and achievements in fields such as smart and green port construction, port and aviation high-end equipment manufacturing, shipping services, air cargo services, logistics services, business travel services, etc., leading the direction of global shipping development.
Journalists saw that among them there were not only Fortune Global 500 companies such as China COSCO Shipping Group, State Power Investment Corporation and Siemens, but also foreign-funded and listed companies such as China Railway Special Cargo, China Master Logistics, and Vallourec, as well as 10 well-known port enterprises such as Shanghai Port, Zhejiang Port, and Singapore Port, and 18 industry associations such as the China International Freight Forwarders Association and the Tianjin Cruise Yacht Association.
In addition to traditional shipping and port enterprises, which are taking big steps towards digitization, intelligence, and greenization, some technology companies such as Huawei and DJI are also laying out related industries, providing smart port solutions, and so on.
At the DJI drone exhibition area, DJI Solution Engineer Jan Lida said: "Our space-time integrated drone terminal intelligent inspection system services terminal inspection and security fields, achieving dynamic drone patrol tasks, such as container area stacking quality inspection, strapping standard safety inspection, mechanical equipment and personnel safety, container damage inspection and recognition, infrared video remote sensing monitoring, and so on."
Technology leads the way, innovation drives, and green, low-carbon, and intelligent are the new trends in shipping. At the port equipment exhibition area, China COSCO Shipping Group comprehensively displayed their flagship product, Global Shipping Business Network (GSBN), the shipping industry's first non-profit trading data basic platform based on blockchain technology.
As of the end of 2023, nearly 30 companies, including airlines, ports, third-party certification agencies, financial and insurance companies have officially joined GSBN. Based on the GSBN, China COSCO Shipping Group launched a blockchain-based paperless cargo release product service. Compared with the traditional bill of lading, paperless cargo release reduces import release time from 48 hours to within 4 hours.
Building a digital cooperation ecosystem for shipping, creating a leading digital supply chain service product in the industry, China COSCO Shipping Group is also accelerating the construction and application of low-carbon ships, and promoting the construction of a new energy methanol ship industry chain. "New energy-powered ships account for 91% of the new shipbuilding orders of the Group. It has launched the development of the world's first methanol dual-fuel main engine and methanol refueling ships, and upgraded the 0.016 million TEU methanol-powered ship. It has independently developed and built 12 of the world's largest 0.024 million TEU methanol dual-fuel powered ships. After being put into operation on the Asia-Europe route, it is expected to reduce 1.3 million tons of carbon emissions per year." the staff introduced to the reporter.
The future of shipping economy development is promising. The "barometer" of ports reflects the vitality of the economy.
The ocean is an important channel connecting the world, and shipping is an important bridge and link for international trade. The shipping industry undertakes more than 80% of the global trade transportation tasks and is crucial to global trade and economic growth.
According to Caixin, during the shipping exhibition, 65 key projects were signed with a total investment of nearly 40 billion yuan, covering various fields such as shipping capacity, new production forces of shipping, green port and navigation, shipping finance and port trade. From this, the current development trend of the shipping economy can be seen, especially the steady improvement of China's shipping industry, and shipping entrepreneurs are confident in market operations.
Recently, the Shanghai International Shipping Research Center released the Q2 2024 China Shipping prosperity report. The report shows that in Q2 2024, China's shipping prosperity index was 122.05 points, up 18.17 points from the previous quarter, and jumped into a more prosperous range. At the same time, the confidence index of China's shipping industry in this quarter was 141.88 points, up 27.11 points from the previous quarter, from the relatively prosperous zone to the more prosperous zone, and all enterprise confidence indexes rose and were above the prosperity boundary.
Looking forward to the market trend in Q3 2024, Zhou Dequan, Director of the China Shipping Prosperity Index Preparation Room, said that according to the China Shipping Prosperity Survey, although the prosperity index and confidence index of all types of shipping companies are expected to fall to some extent next quarter, they still remain in the prosperous range.
The report also shows that in Q2 2024, the prosperity index of container transportation companies was 141.68 points, up 30.91 points from the previous quarter, and entered a more prosperous zone; the confidence index of container transportation companies was 153.0 points, up 51.93 points from the previous quarter, into a stronger prosperous zone. The overall operating conditions of container transportation companies are good, and entrepreneurs are confident in the overall development of the industry.
From various operating indicators, in this quarter, the operating costs of container transportation companies continue to rise, while the capacity continues to increase, the cabin utilization rate has increased significantly, the freight income has increased significantly, and the profitability of enterprises has greatly improved. The enterprise's liquidity is very sufficient, the difficulty of enterprise financing continues to decrease, the loan liabilities continue to decrease, the labor demand is increasing, and entrepreneurs' willingness to invest in shipping capacity is strong. All enterprise operating indicators are improving comprehensively.