During the past decade of 2004 to 2014, China has experienced rapid economic development. China's total crude imports increased by around 200 million tons. However the fleets of carrying imported crude oil in China are unable to undertake such tasks due to the small size and old ships. Hence, Chinese government has issued the policy of “national oil fortunes”, and require 85% of the total crude imports should be transported by fleets owned by Chinese ship owners till 2015. Besides, the large scale of ships can also provide a solution to lower the cost for crude oil transportation. The policy-makers also didn't give any guidance for Chinese harbors to face the challenges caused by large-scale trend of ships.
Based on the background and problems mentioned above, this research aims at proposing a solution to lower the cost of crude oil transportation and guarantee the sustainably import of crude oil for China. Meanwhile, we try to find a suitable strategy to settle the large-scale trend of ships. In this research, we find that 231 ships and 11,150 Chinese crews are necessary to fulfill the transportation task. More importantly, the transportation cost per ton will decrease by $3.32. At last, Chinese harbor should speed up the construction of deep-water harbors to accommodate large scale ships.
