1. Geographical advantage: Japan is one of the largest steel producers in the world and a major iron ore importer. Because of its geographical location close to China, Japanese shipping companies can better meet the iron ore transportation needs of China, thus gaining an advantage in the competition.
2. Sufficient transportation capacity: Japanese shipping companies have a lot of transportation capacity, which can meet the demand of iron ore transportation in China. At the same time, Japanese shipping companies have sufficient shipping capacity, which also gives them advantages in transportation efficiency and reliability.