Impact of the One Belt and One Road Initiative on the European Maritime Field

Author:

Russell Montiel Enrique Alejandro1ORCID,Jugović Alen2,Aksentijević Dea3ORCID

Affiliation:

1. Jade University of Applied Sciences, Faculty of Maritime and Logistic Studies, Weserstr. 52, 26931 Elsfleth, Germany

2. University of Rijeka, Faculty of Maritime Studies, Studentska 2, Rijeka, Croatia

3. University of Rijeka, Faculty of Maritime Studies, Marine Engineering Department, Studentska 2, Rijeka, Croatia

Abstract

China is nowadays the most influential country in the world market, therefore the Chinese government introduced the One Belt and One Road project in 2013 in an attempt to reinforce its global power, including its major partner (Europe). In this paper the authors analyze the possible advantages and disadvantages that this Chinese initiative brings to the European market and the possible challenges that international policies may bring to the infrastructure created in recent years in the European Union. The authors concentrate on current examples based on China's COSCO Shipping and the influence that this initiative gives to the Chinese government in the world market. The aim of this paper is to present general overview on some of the consequences, positive or negative, of this important project.

Publisher

Association for Promotion and Development of Maritime Industries

Subject

General Medicine

Reference24 articles.

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