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COSCO add credence to the belief that Chinese

cargoes in Chinese ships will become more

common, and the Chinese desire to build up their

domestically-controlled VLCC leet is evidenced by

the number of Chinese-controlled VLCCs on order.

There will, however, still be plenty of cargo which

needs to be moved in ships taken from the open

market, so I do not foresee a scenario where China

begins to shut out the use of foreign-owned ships.

“For the privately held shipping companies, who

still represent a signiicant portion of the Asian-

controlled leet and who still retain considerable

clout in the region, the next decade will provide

plenty of challenges, but I believe that they will

continue to play a pivotal role in the Asian shipping

landscape. Of course, I am bound to say that as I

have a vested interest,” she said.

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