Research on the Status Quo of China’s Shipping Economy Development and Enterprise Transformation Strategy

Abstract

With the decline of the world economy, the world shipping market is facing a series of crises such as the reduction of supply, and these crises are also the dilemma faced by Chinese shipping companies. Through the analysis of the important index BDI of the international shipping market, this paper realizes the trend of the international shipping market since the crisis of financial integration, and based on this, forecasts the international shipping market. At the same time, we analyze the important index of China’s shipping industry, China’s coastal bulk freight index (CCBFI) and China’s export container freight index (CCFI), which gives us a clearer understanding of the domestic and international shipping market situation. The business model is already suitable for the current shipping market and has reached the edge of change. Finally, based on market analysis, this paper analyzes the advantages and disadvantages of China’s shipping companies, and puts forward targeted development and transformation opinions on the disadvantages.