China to extend highway cargo link to southeast Asia — June 26, 2017

China to extend highway cargo link to southeast Asia


Long Beach07-Edited
Long Beach

CHONGQING, Jun 26 (FAM) – A regular road cargo service between southwest China’s Chongqing Municipality and Bangkok will start operations in July, local authorities said.

Chongqing has planned three routes to the Association of Southeast Asian Nations (ASEAN), according to the Chongqing municipal transportation authorities.

The eastern route from Chongqing to Hanoi in Vietnam is already in operation. In July, the middle route will connect Chongqing, through Vientiane in Laos and on to Bangkok. The 96-hour journey covers 2,800 kilometers.


India ratifies TIR convention —

India ratifies TIR convention


NEW DELHI, Jun 26 (FAM) – On 15 June 2017, India became the 71st country to ratify the United Nations Convention on International Transport of Goods Under Cover of TIR Carnets, known as the TIR Convention, 1975. The Convention will enter into force for India on December 15, 2017.

The Convention is a multilateral treaty that aims to simplify and harmonize the formalities of international road transport and will help boost trade through smoother movement of goods across territories. Over 35,000 road transport operators worldwide are already authorized to use the TIR system effecting around 1.5 million TIR border crossing procedures per year.


New bullet trains to depart Beijing to Shanghai today —

New bullet trains to depart Beijing to Shanghai today


BEIJING, Jun 26 (FAM) – China will put two new bullet train models into operation on Monday on the Beijing-Shanghai high-speed railway. The CR400AF will depart from the Beijing South Railway Station at 11:05 am, traveling toward Shanghai, while the CR400BF will leave Shanghai Hongqiao Railway Station bound for Beijing at the same time.

According to China Railway Corp, the State-owned rail operator, the line is the nation’s busiest high-speed link, carrying on average some 505,000 passenger trips a day. At a naming ceremony at a maintenance facility in Beijing’s Daxing district on Sunday morning, Lu Dongfu, general manager of China Railway Corp, said the new trains would be called “Rejuvenation”.


Mainland to HK travel reduced via new express rail line and bridge —

Mainland to HK travel reduced via new express rail line and bridge


HONG KONG, Jun 26 (FAM) – The Hong Kong section of the Guangzhou-Shenzhen-Hong Kong Express Rail Link (XRL) will be launched by the third quarter of 2018, domestic news portal reported Friday, citing sources from Hong Kong’s Highways Department.

With this new intercity rail corridor, which runs 142 kilometers long, the journey time between Guangzhou, capital of South China’s Guangdong Province, and Hong Kong will be reduced from 100 minutes to 50 minutes, according to the website of Hong Kong’s Highways Department.


Express delivery spend soaring in China —

Express delivery spend soaring in China


BEIJING, Jun 26 (FAM) – Chinese spent more on express delivery services last year, while average delivery costs continued to drop, according to an industry report.

Average spending on express delivery was 287 yuan (US$42) last year, up 42.7 percent year on year, according to a report released by the State Post Bureau.


Shenzhen to pursue B&R opportunities — June 23, 2017

Shenzhen to pursue B&R opportunities


Shenzhen Shekou port

SHENZHEN, Jun 23 (FAM) – Major companies in Shenzhen are expanding to cope with growth opportunities thrown up from the Belt and Road Initiative and international projects are opening up for businesses in industries such as infrastructure, logistics, information technology and financial services.

“To reap the benefits from its harbor location, Shenzhen is boosting connectivity with countries and regions related to the Belt and Road Initiative by implementing projects in trade, logistics, air transport and the information sector,” said Wu Sikang, director of the Shenzhen Development Research Center.

Shenzhen is one of China’s most vibrant cities and is actively encouraging Chinese companies to develop a Going Global strategy. Already many firms are involved in putting together logistic networks, Wu confirmed. Shenzhen Yantian Port Group Co Ltd has signed a memorandum of understanding to take part in the Melaka Gateway Port project in Malaysia.


Capacity cuts still key to restoring box shipping equilibrium —

Capacity cuts still key to restoring box shipping equilibrium


LONDON, Jun 23 (FAM) – Container shipping companies would be wise to remain cautious, despite a modest rise in freight rates since the beginning of 2017, with capacity reductions still vital in restoring the demand-and-supply balance, said Fitch Ratings in a report.

It noted that container shipping volumes exceeded growth in capacity for the first time since 2010-2011, as owners delayed taking delivery of newbuilds and accelerated the vessel scrapping rate.


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