Your current location:HOME >entertainment >Red sea crisis highlights vital role of China 正文
TIME:2024-05-07 20:34:17 Source: Internet compilationEdit:entertainment
Interest 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 PageDylan Cease says last year with White Sox 'wasn't enjoyable in really any way'2024-05-07 20:19
Junta shelling, airstrikes kill 25 Rohingyas in Myanmar’s Rakhine state — Radio Free Asia2024-05-07 20:14
Royals catcher Salvador Perez sidelined by mild groin strain2024-05-07 19:58
China's Yangtze River sees improved water quality in 20232024-05-07 19:35
German track star Alica Schmidt, dubbed 'the world's sexiest athlete', qualifies for the Olympics2024-05-07 18:50
House Speaker Mike Johnson leaves uncertain his plan to advance aid for Israel and Ukraine2024-05-07 18:49
Retrial underway for ex2024-05-07 18:32
Vertex Pharma scientist talks about the long road to developing non2024-05-07 18:27
China's cruise ship passenger trips soar in Q12024-05-07 17:59
China handles nearly 5.19 mln entry2024-05-07 17:56
Incredible moment heroic K9 Mercury finds missing 852024-05-07 20:28
Tennessee schools would have to out transgender students to parents under bill heading to governor2024-05-07 20:15
Over 11 million Chinese people benefit from major disease insurance2024-05-07 20:12
John Sterling retires from Yankees broadcast booth at age 85 a few weeks into 34th season2024-05-07 20:00
Baja California: How a beach trip turned deadly for surfers from Australia and US2024-05-07 19:36
Prominent New York church, sued for gender bias, moves forward with male pastor candidate2024-05-07 19:35
Death toll rises to 13 following Taiwan's 7.32024-05-07 19:29
Photo exhibition in Macao displays ancient civilization in Shanghai2024-05-07 19:20
Elizabeth Hurley, 58, flaunts her jaw2024-05-07 18:49
Zion Williamson, at long last, set to suit up for the Pelicans in the NBA postseason2024-05-07 18:19