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Foreign capital may hold, the sole proprietorship of domestic shipping agency business

“The Ministry of Transport stated on July 10, 2019 that China has cancelled the restriction that domestic shipping agents must be controlled by the Chinese side. Foreign capital can hold, the sole proprietorship of domestic shipping agency business.”

At the press conference held by the Organizing Committee of the Ministry of Transport on July 10th in conjunction with the China Navigation Day Forum (Ningbo), Yi Jiyong, deputy director of the Water Transport Bureau of the Ministry of Transport, said that the Ministry of Transport has deleted the International Maritime Regulations. The regulations on foreign-invested international shipping industry and its auxiliary industry-related stock ratio restrictions have clearly defined the comprehensive opening up of the international shipping industry and its auxiliary industry at the regulatory level.

Yi Jiyong introduced that the Ministry of Transport issued the "Announcement on the Promulgation of Ten Disposal Measures for the Cancellation of Decentralization of Transportation Administrative Licensing Matters" and the "Approval and Filing of International Shipping and the Maritime Transportation Business between the Mainland and Hong Kong and Macao". "The specific arrangements for the work were carried out.


Yi Jiyong introduced that foreign investors can establish wholly-owned companies in the territory, engaged in international shipping, international shipping agency, international shipping, international shipping cargo handling, international shipping cargo warehousing, international shipping container stations and yard operations. The foreign investment in the international shipping industry and its auxiliary industry will no longer be separately approved, but in accordance with the principle of consistent domestic and foreign investment, in accordance with the relevant provisions of the International Maritime Regulations. At the same time, the international container ship and general cargo ship transportation business, the container ship and general cargo ship transportation business between the Mainland and Hong Kong and Macao regions, and the non-vessel shipping business approval were cancelled and changed to the record, which was implemented by the provincial transportation authority. The license for the transportation of bulk liquid dangerous goods vessels for passenger ships (including passenger rolling ships, passenger and cargo ships, etc.) between the Mainland and Hong Kong and Macao shall be delegated to the provincial transportation authorities. The examination and approval of international shipping has been greatly reduced, and the industry is mainly based on aftermath.
“The threshold for employment will be further reduced.” Yi Jiyong said that the Ministry of Transport has clarified that the capacity of domestic registered enterprises to engage in the international container ship and general cargo ship transportation business should be relaxed by at least one ship that is compatible with the business scope. "Non-" ships are available; enterprises that have obtained the qualifications for maritime transport operations between the Mainland and Hong Kong and Macao may, after approval or filing as required, may add a light-rental five-star flagship vessel to engage in maritime transport between the Mainland and Hong Kong and Macao in the corresponding business scope, canceling It is necessary to carry out the restrictions on maritime transportation between the Mainland and Hong Kong and Macao with its own capacity.
"In addition, the Ministry of Transport is currently in the process of making decisions to amend or abolish the regulations related to the reform of the International Maritime Regulations and other six regulations related to the ’release of the service’ and will be released in the near future." Yi Jiyong said.
Yi Jiyong said that an important task of the transportation department this year is to promote the efficiency of port and port. The Ministry of Transport and the State jointly revised and issued the "Port Charges and Charges and Measures" to provide port operation services such as cargo port fees, port facility security fees, pilotage fees, and tugboat charges on domestic routes. The charging standards were reduced by 15%, 20%, 10%, and 5%, respectively, and the port operating service charges were reduced from 15 to 11.

The concept of related terms in this article: sea transportation, shipping
Shipping is broadly defined as all business activities related to the sea. However, up to now, the shipping space we have mentioned is generally referred to as maritime transportation, such as bulk cargo transportation, container transportation and other port-to-port maritime transportation. However, the development of the shipping Internet at any time, especially the recent development of the Internet and the Internet predators such as Alibaba, the definition of later shipping may run through the sea and land, and it is expected to develop into a door-to-door transportation industry integrating marine and land transportation.