China-Europe freight trains weekly commentary（Feb.20-Feb.26)
China-Europe freight train?operational?updates（Week 9）
The situation in Russia and Ukraine this week has exacerbated the market's concerns about global energy supply,?posing?more?pressure on the fragile global supply chain. Brent crude oil broke through $105 a barrel within the day, the highest in nearly eight years. Shipping companies have said that the rise in oil prices will, without exception, prompt them to consider levying additional fuel surcharges. Many goods destined for Ukraine choose to discharge at the port of said (Egypt) and the port of Korfez (Turkey), which may cause more delays at congested ports.
The operation of China-Europe freight train has attracted widespread attention. It is understood that westbound and eastbound trains are still running normally?in?this?week?and remained basically unaffected. Russian Railways has been included in a US list of sanctioned Russian companies – but there is, as yet, no ban on transport through Russia. Up to now, freight trains between Russia and Ukraine have been cut off, and all railway freight?terminals?in Ukraine have stopped working. According to the data, trains passing through Ukraine account for less than 3% of the total amount of China-Europe freight train, and most of them have been diverted to "MaIa-Brest". Maersk and other global freight forwarders in their letters to customers claimed that the intercontinental railway service (ICR) through or to and from Russia is still in normal operation.
In addition, the congestion on the eastern route of China-Europe Railway has not been alleviated. The shortage of vehicle plates at Khorgos resulted in a continuous low efficiency in loading.
China-Europe freight train(Nanchang-Moscow) implement?it's?first?two-way?operation
On February 19, China-Europe freight train,x8218,loaded with 50?containers,left for Moscow. At the same time,?a train?loaded with 41?containers?of goods arrived at Nanchang Xiangtang International Land Port. It marks?a?successful realization of the first?two-way?China-Europe train in Jiangxi province?in?this year.
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This?two-way freight train between China and Europe is worth?around?$3.946,600.And?it??adopts the mode of regional distribution and group hanging. The round-trip transportation?is expected to?be completed in 30 days, which?will?drastically reduced?the?transit?time?compared with single-pass transportation.
The number of China-Europe freight trains?operating?at Khorgos has reached 1,000
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On February 23,?a?train?loaded with 50 TEUs of daily commodity, household appliances and machinery parts, departed from?Khorgos to Uzbekistan. It is the 1,000th China-Europe freight train to run through Khorgos this year, six days ahead of the target compared to 2021.
The first cross-border direct freight train between China and Europe has departed after the signing of AEO?Agreement?
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On February 22,?a?China-Europe freight train?departed from Liuzhou South Logistics Center?in Guangxi, carrying 67 loaders, road roller and other construction machinery. It is the 10th cross-border direct?trains from?Liuzhou?to?Moscow, which is also the first trains after the Chinese-Russian AEO mutual recognition arrangement signed.The train is scheduled to arrive at Volsino in 20 days.
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The implementation of Sino-Russian AEO recognition will effectively enhance economic and trade cooperation between China and the Eurasian Economic Union.
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Fine chemical products are exported to Europe through China-Europe freight train
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On February 20,Yuxin'ou(Chongqing-Xinjiang-Europe)?carried?1,100 tons of polyvinyl alcohol (PVA) and other fine chemicals?to?Duisburg.?The train shipped 49 containers in total, which were loaded with fine chemicals such as polyvinyl alcohol produced by Sinopec.
The first photovoltaic China-Europe freight train departed in Shangrao in this year
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China-Europe freight train (Shangrao-Rotterdam) departed?on?February 22?, which was?it's?first?time?to Europe since Shangrao opened the cross-border freight train to Central Asia (Kazakhstan) in 2019.The train is fully loaded with solar cell modules, valued at 4.41 million euros.It leaves?via?Manzhouli and is?expected?to arrive in Rotterdam in 17 days.
China-Europe freight train (Wuhan) developed a new rail line
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A train loaded with auto parts, clothing and epidemic prevention supplies, departed from Wuhan on February 22. After the train leaving?China via Manzhouli and arriving?at Usttiluka in Russia, part of the containers will be transferred to Muklan, Germany by?vessel. Then those containers will be transferred to Hamburg and Duisburg?via?rail. And part of the containers will go directly to Helsinki.
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This new line takes the full advantages of Russia's rail-sea intermodal services and the direct rail services between Russia and Finland as well.
China-Europe freight train (Qingdao - Mannheim) runs?first?two-way?trips
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The outbound China-Europe freight train is loaded with a total of 100 TEUs. It carries chemical raw materials, vehicle parts, commodities and other goods and the value of the goods is about 2.5 million US dollars.?They are?scheduled to arrive in Mannheim in 19 days after being shipped from Qingdao through Alashankou. On the same day, an inbound train full of high-grade board goods from Mannheim, Germany, crossing Poland, Belarus, Russia, Mongolia and other countries, through Erenhot, is expected to arrive in Qingdao in 22 days.
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The?two-way?train from Qingdao to Mannheim?has a total length of over 10,000 kilometers. The opening of this train will connect Mannheim, Rhein-Neckar, Germany's industrial hub, and Qingdao, a city at the forefront of China's opening-up. This will be a new starting point and opportunity for the cooperation between the two cities. It creates favorable conditions for the two sides for realizing complementary industries, promoting trade and logistics.
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