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China lowers threshold for new energy car producers to spur market vitality — April 8, 2020

China lowers threshold for new energy car producers to spur market vitality

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd)

BEIJING, Apr 8 (FAM) – China decided to loosen market access requirements for new energy vehicle (NEV) manufacturers, in an effort to further unlock the industry’s vitality amid the COVID-19 outbreak and better promote its development, according to a statement released Tuesday.

The requirement demanding NEV producers to possess design and development abilities shall be scrapped to leave more room for their development, while a higher standard for after-sales services will be imposed, said the statement of the Ministry of Industry and Information Technology (MIIT).

Self-driving vehicles set to become common —

Self-driving vehicles set to become common

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd)

BEIJING, Apr 8 (FAM) – Self-driving vehicles may soon be a common sight in China and the industry could see rapid growth as the COVID-19 outbreak has underlined the importance of such vehicles during an epidemic, industry experts said on Tuesday.

“Autonomous driving has entered a new stage in China. We expect the segment to see major consolidation this year,” said Han Xu, founder and CEO of WeRide, a Chinese smart mobility company.

Chinese state-owned enterprise to send medical team to aid Nigeria’s anti-pandemic work —

Chinese state-owned enterprise to send medical team to aid Nigeria’s anti-pandemic work

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd)

BEIJING, Apr 8 (FAM) – China Railway Construction Corporation (CRCC), a state-owned enterprise, will send a 15-member medical team, along with medical supplies, to Abuja, Nigeria on Wednesday to aid its battle against COVID-19, a move that experts say contributes to China’s ongoing efforts to help the world in combating the virus.

As a core market of CRCC, Nigeria has more than 140 projects under construction with over 1,600 Chinese employees and 12,000 local employees in the country, the Global Times learned from CRCC.

Box lines accelerate service cancellations — April 7, 2020

Box lines accelerate service cancellations

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd)

LONDON, Apr 7 (FAM) – Container lines have announced a series of further major service cancellations to reflect falling demand, with the Asia-Europe trade set to see the largest capacity withdrawal, entering a four-week period with around one third of the capacity removed from the market, according to industry analyst Sea-Intelligence.

Sea-Intelligence’s latest weekly analytical report, the Sunday Spotlight, highlighted carriers’ potential losses in 2020 and the development in blank sailings, noting: “Within the past week, the number of blank deep-sea sailings has increased from 45 to 212. Whilst there are now multiple services with cancellations ranging through to the end of June, the majority of blank sailings are clustered within the coming 5-6 weeks. 

Spot rates from Shanghai mixed among trade lanes —

Spot rates from Shanghai mixed among trade lanes

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd)

SHANGHAI, Apr 7 (FAM) – Freight rates for exporting containers from China in Week 14 though the ongoing novel coronavirus (COVID-19) pandemic impacted both tonnage supply and demand.

While demand for moving shipments from China decreased slowly, the supply-demand balance managed to improve thanks to reductions in tonnage supply resulting from service suspensions by ship operators.

Logistics needs further financial support, says FTA —

Logistics needs further financial support, says FTA

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd)

LONDON, Apr 7 (FAM) – The UK’s Freight Transport Association (FTA) has welcomed Friday’s announcements from the UK Treasury expanding financial support for the logistics and other industries, but called for further further support for the sector to ensure that goods and services continue to move freely in such unprecedented circumstances. 

“Job security is vital to logistics workers hit by furloughing or uncertain trading conditions,” said Elizabeth de Jong, Director of Policy at FTA, “and FTA’s members are keen to see government deliver and extend the Coronavirus Job Retention Scheme to provide certainty of employment.  

China-Europe freight trains see growth in NE China despite coronavirus —

China-Europe freight trains see growth in NE China despite coronavirus

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd)

CHANGCHUN, Apr 7 (FAM) – Northeast China’s Jilin Province saw 2,796 standard containers transported by China-Europe freight trains in the first quarter of this year, up 36.3 percent year on year.

The increase was partly attributed to the unstable maritime transport between China and Europe in Q1. So far, the transportation of goods like electronic products and auto parts made by Japanese and Korean enterprises via the Changchun-Manzhouli-Europe railway have remained steady, despite the impact of COVID-19.

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