Current location:business >>
Red sea crisis highlights vital role of China
business8People have gathered around
IntroductionInterest in cross-border services increases due to concerns over shipping delays, costsFreight forwa ...
Interest in cross-border services increases due to concerns over shipping delays, costs
Freight forwarders have turned to rail services between China and Europe, backed by the Belt and Road Initiative, as a transportation alternative in light of disruption to international shipping caused by the Red Sea attacks, emphasizing the rail route's strategic importance in stabilizing global supply chains.
Houthis in Yemen have been attacking commercial ships "affiliated with and bound for Israel "since November in what they described as an act of solidarity with Palestinians in the Gaza Strip. Their actions have raised the risks for transportation companies moving cargo through one of the world's busiest shipping lanes, resulting in a surge in rates and lengthy delays.
Some smaller-volume goods have shifted to rail transportation, notably on the China-Europe railway line, where the capacity to transport goods from China to the continent has increased significantly from the pre-crisis level, according to a recent report by Fitch Ratings.
"Since January, the number of inquiries (about the China-Europe freight train service) has soared by more than tenfold, and the actual export volume of goods has increased by three to four times," said Kong Weidong, head of the Zhengzhou branch of the T.H.I. Group (Shanghai) Ltd, a freight forwarder.
The cross-border rail freight service takes about 12 to 18 days to reach European destinations from Chinese cities at a cost of about $6,500 per container, Kong said.
Kang Yingfeng, deputy general manager of China Railway International Multimodal Transportation, said there had been a significant increase in inquiries about the China-Europe freight train service since the beginning of this year. CRIMT is the national operator of the China-Europe freight train service and a subsidiary of China Railway Container Transport.
A new China-Europe freight route combining rail and ocean transportation that crosses the Caspian and Black seas has attracted strong interest, he said. The service also passes through countries such as Kazakhstan and Georgia before reaching European countries.
"Chinese, European, and American customers, as well as large international logistics companies such as DHL and Kuehne+Nagel, have shown strong interest in the new route passing the transcontinental maritime routes, attracting freight from China to Georgia, Turkiye, and Central and Eastern Europe, as well as Southern Europe," he said.
DHL said requests to move goods on the rail service to Russia had increased by about 40 percent since container ships began diverting via a longer route in December, The Financial Times reported last month.
1 2 3 4 Next PageTags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Earth Examination news portal”。http://cuba.antjekoch.com/article-38b399889.html
Related articles
Uber and Lyft say they'll stay in Minnesota after Legislature passes driver pay compromise
businessST. PAUL, Minn. (AP) — Uber and Lyft plan to keep operating in Minnesota after the state Legislature ...
【business】
Read morePerenara equals Super Rugby try
businessWELLINGTON, New Zealand (AP) — Former All Blacks scrumhalf T.J. Perenara scored two tries to equal t ...
【business】
Read moreTsitsipas beats Sinner to reach Monte Carlo Masters final, will face Djokovic or Ruud
businessMONACO (AP) — Stefanos Tsitsipas stayed on course for a third Monte Carlo Masters title after beatin ...
【business】
Read more
Popular articles
- Red Lobster seeks bankruptcy protection after closing some restaurants
- Kate's cancer struggle is even front
- Sébastien Haller’s first Dortmund start since winning Africa Cup lasts just 8 minutes
- Commentary: China's COVID policy optimization to propel global economic growth
- Fresh heartache for cancer
- Commentary: Honduras made the right decision on ties with Beijing
Latest articles
The Latest
China's adjustment of COVID
Understanding what an open China means to the world through "thinner" suitcases
China, U.S. should work together in same direction to stabilize, improve bilateral relations
Investigators return to Long Island home of Gilgo Beach serial killing suspect
China achieves high
LINKS
- Chinese sci
- Mom, 28, forced to sell her dream car after forking out $40,000 in INTEREST alone over three years
- Sancho, Reus send Dortmund to UCL quarters
- Argentina buys 24 of Denmark's aging F
- 70 countries, regions to participate in int'l travel trade fair in SW China
- FIS president hails China's skiing, snowboarding potential
- China's golden week glitters with booming tourism, cultural consumption
- Beijing International Film Festival to screen 47 sci
- China's Shenzhen opens new air route to Amsterdam
- Complete sponge fossil dating back to 540 mln years found in central China's Hunan