The Vessel Tonnage Supply and Developmental Trends of China, Hong Kong, Singapore and Taiwan

Abstract

This paper used public data of the last ten years from the Institute of Shipping Economics and Logistics to analyze vessel tonnage structures of FCFs in detail. The recursive residual GM(1,1) model of Grey theory was used to compare the growth trends of vessel tonnage structures of FCFs with. the rest of the world. The results show vessel tonnage structures of China and Taiwan are consistent with the world trend in which national flag vessels are reduced, while foreign flag vessels are increasing. In the next three years, vessel, tonnages of China and Singapore. are expected to increase rapidly, whereas much slower growth is expected in Taiwan, on the other hand, a slight decrease is forecasted for Hong Kong.