China owns world's third largest number of cargo ships

As of the end of the 11th Five-Year Plan, China ranked third worldwide in terms of cargo ships with a total of 178,000.

During the 11th Five-Year Plan, China's status as a leading power in shipping, port transportation and container traffic was dramatically enhanced. At the end of the 11th Five-Year Plan, combined deadweight capacity of cargo ships totaled 180 billion tons, which is an increase in capacity of 77 percent over that of the 10th Five-Year Plan.

International Maritime Organization has nominated China as Class A members 11 times consecutively for China's prominent contribution to the development of sea transportation. Assuming more than 90 percent of China's foreign trade transportation, Chinas ocean shipping effectively boosted the rapid development of national economy and foreign trade.

By the end of 2010, China had overtaken Korean as the number one ship-building country.

By People's Daily Online
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