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New China-Europe Railway Express route connects northeastern city with Moscow

China

New China-Europe Railway Express route connects northeastern city with Moscow
China

China

New China-Europe Railway Express route connects northeastern city with Moscow

2024-04-03 16:56 Last Updated At:04-04 03:57

A new route of the China-Europe Railway Express, connecting Tongjiang City in northeast China's Heilongjiang Province with Moscow, Russia, was inaugurated on Tuesday.

This marked the departure of 110 standard containers from the northeastern city's intermodal center of the China-SCO Local Economic and Trade Cooperation Demonstration Area.

The cargo, consisting of home appliances such as refrigerators, TVs, and washing machines manufactured in Qingdao and valued at around 12 million yuan (about 1.66 million U.S. dollars), embarked on a journey from Tongjiang port in Heilongjiang to Moscow, the Russian capital after the customs clearance in Qingdao City, east China's Shandong Province. Around 20 days later, this train will arrive in Moscow.

"The China-Europe Railway Express operates effectively and provides stable logistics options for enterprises engaging in exports and imports. The variety of commodities exported from the China-SCO (Shanghai Cooperation Organization) Local Economic and Trade Cooperation Demonstration Area has increased, with high-value-added products like home appliances and vehicles becoming the main exports," stated Zhang Qinghai, director of the Jiaozhou Customs in Qingdao.

To date, the demonstration area's international route network has expanded to include 22 lines reaching 54 cities across 23 SCO and Belt and Road countries. More than 3,400 trains have set off from the demonstration area, carrying 2.633 million tons of goods in 281,000 TEU containers for import and export.

New China-Europe Railway Express route connects northeastern city with Moscow

New China-Europe Railway Express route connects northeastern city with Moscow

Cargo ship traffic through the Strait of Hormuz has fallen to its lowest level since early May, the latest data from maritime data firm Kpler showed.

According to Kpler, only one very large gas carrier and one very large crude carrier transited into the Strait of Hormuz from the Gulf of Oman on Monday.

The daily transit count is well below the average of 14 vessels per day recorded over the past 10 days.

The Strait of Hormuz, widely regarded as the chokepoint of global energy transport, previously handled roughly one-fifth of the world's crude oil and refined product shipments and also served as a key transit route for liquefied natural gas.

Ship traffic through Strait of Hormuz hits lowest level since early May: Kpler

Ship traffic through Strait of Hormuz hits lowest level since early May: Kpler

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