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Study on Ship Registration Mechanism of Attracting Chinese- Funded Foreign Ships to Hainan Free Trade Port ---Big data analysis based on nationality of Chinese-funded ships

In: Proceedings of the 2023 International Conference on Finance, Trade and Business Management (FTBM 2023)

Author

Listed:
  • Wei Aimin

    (Hainan Vocational University of Science and Technology)

  • Wang Hui

    (Hainan Vocational University of Science and Technology)

  • Li Donglou

    (Hainan Vocational University of Science and Technology)

Abstract

Based on the analysis of big data on international Chinese-funded ship registration, this article finds that the proportion of Chinese-funded ships registering under convenient flags has been increasing year by year. This is highly detrimental to the concentration of shipping factors and the development of the shipping industry. The construction goals of Hainan Free Trade Port include attracting more Chinese-funded international ships to register in the port. However, the current development situation is still not ideal. By comparing the ship registration systems in places like Hong Kong and Singapore, this article discovers that the current ship registration system in Hainan Free Trade Port still suffers from the strict registration of complex procedures and overly strict requirements. Therefore, the article proposes suggestions such as relaxing the registration system and providing multiple support services to attract more Chinese-founded foreign ships to return for registration.

Suggested Citation

  • Wei Aimin & Wang Hui & Li Donglou, 2023. "Study on Ship Registration Mechanism of Attracting Chinese- Funded Foreign Ships to Hainan Free Trade Port ---Big data analysis based on nationality of Chinese-funded ships," Advances in Economics, Business and Management Research, in: Amalendu Bhunia & Rubi Binti Ahmad & Yifeng Zhu (ed.), Proceedings of the 2023 International Conference on Finance, Trade and Business Management (FTBM 2023), pages 286-298, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-298-9_32
    DOI: 10.2991/978-94-6463-298-9_32
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