Shipping Mart is the core service of ShippingChina.com. It has shown strong development momentum since it was started at the end of Year 2005. Shipping Mart has gained strong supports from Shipping Mart members covering major Chinese port entries. By the end of Year 2006, Shipping Mart service covered 17 port entries in China, realizing 300 thousand TEUs. By the end of Year 2007, Shipping Mart covered 26 port entries and has 87 members. In Year 2008, we aim to expand the coverage to 40 port entries, having 120 members and realizing 300 million TEUs. In Year 2009, we aim to have a marketing percentage of 3%, which means 4 million TEUs. The large service flow will stimulate capital flow of 5-10 billion USD per year. The complete Shipping Mart system will lower the shipping cost by 10% and 20% and will lower the cost of international shipping by 5% and 10%.
This year Shipping Mart will upgrade its Chinese and English version with the efforts of all the Shipping mart staff members.
This year we will also promote the brand name of Shipping Mart by participating various forums, conferences and performing business connection with e-commerce companies such as Alibaba.com.
In addition, Shipping Mart make breakthrough in international business connection. We have opened the China-Japan fast route, China-Australia fast route and China-Korea route. Taking the network as platform, Shipping Mart realizes the point-to-point connection mode. In the meantime, we have established European agent and set up representative offices in Spain to set up “China-Europe Business Bridge”.
To expand Shipping Mart service, ShippingChina.com has visited powerful ship owners including China Shipping, COSCO, Chinese-Polish Joint Stock Company, Hebei Ocean Shipping Company, COSCO Guangzhou and so on. These communications with ship owners will make Shipping Mart service to make more profit rapidly.
Mr. Kang claimed that although Shipping Mart is still not so profitable, but it is an exploration to a new profit mode. Under this situation when the shipping industry is hit by financial crisis, Shipping mart members face both challenges and opportunities. The on-line banking system of Shipping Mart will realize freight forwarders’ potential, upgrade the Shipping mart service and integrate resources. Authentication system and on-line insurance will also add values and integrity of Shipping Mart service.