Maritime Manegement 2 Essay Example | Topics and Well Written Essays - 1500 words

Maritime Manegement 2 - Essay ExampleThe strength of the deliverance, its location, resources, population size and political influence contribute to its power. During the establishment of the chinas economy that is in 1949, the economy was modeled on Soviet model as suggested by Wang and Chin-Keong (2004). This was after the communist revolution. As a result, chinaware ended up its connection with the capitalist world. chinawares economic model involved the formation of state controlled heavy industries which were financed by capital acquired from agriculture. china substituted its imports with domestic goods so as to acquire foreign exchange to buy goods and technology. mainland Chinas economy has contributed a lot to the development of the shipping trading operations which are part of their economy. China is one of the countries with the almost ample shipping resources. The Chinas coastal areas offer the highest percentage of the countries imports and exports value. This is an advantage as it creates a good environment for fast and healthy development of the countries maritime industry. With the development of the maritime industries, the economy of China has experienced continuous and strong growth momentum. This has led to an increase in both trans-regional and multinational trade systems. Chinas maritime industry has been growing rapidly to meet the expanding requirements for foreign exchange. Since the adoption of its reforms and the slack policies, the international shipping industry is now increasing while promoting healthy development of the industry. Chinas economy has steadily grown since 1990. The steady growth in economic demands has brought a great fortune for Chinese shipping industry development. China is currently one of the worlds largest countries capable of fling comprehensive package of shipping activities in the ocean. It fleets cover a greater range including traditional pop out and more value added tonnages. The Chinas growing economy has effects on transport routes among China and Europe. The economy has also contributed to the opening of the Arctic Ocean summer route for both countries agree to Liu (2009). To provide healthy transportation of containers, there are number of challenges shipping industry should deal with. single of the challenges is how to survive the Arctics harsh climate. The development strategy behind this is enhancing the coordination between the two countries towards change the condition of the Arctic Ocean. Secondly is the issue of occurring changes in the Arctic Ocean and its commercial implications. The growing Chinese economy is partnering with the Europe to counter the challenge. In Europe, china is the second major partner in employment activities after the US. For both countries that is China and Europe, maritime transport makes a vital contribution to their energy strategies. This has been with establishing more shipping routes and energy diversification. China and Eu rope have economic interest aimed at growing their routes of transport along the coast of northern Russia. To ensure safety in the Arctic region, Europe and China should improve their corporation in research activities. Should also enhance information exchange and add on the formation of reliable systems of monitoring and forecasting. Both countries should also provide safe and effective maritime operations in the Arctic Ocean. Chinas political activities have developed with the expansion on the countries