Green, efficient shipping reforms planned to lift maritime sector

China will build a green and efficient shipping system to achieve high quality development of the maritime sector, a senior official said on Thursday.

"We will strive to realize high quality development in the sector, making China a world leading maritime powerhouse to prop up the nation's economic and social development," said Liu Xiaoming, vice-minster of transport, at the China Maritime Forum 2019 in Ningbo. The forum is a major event to mark the 15th Maritime Day of China, which fell on Thursday.

Due to its huge freight volumes and low transport fees, the shipping sector serves as the main transport method of international trade, providing pivotal support to the international industrial relocation and segmentation of production of global multinationals.