Latest News for: China freights

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China Focus: China's manufacturing hub powers global supply chain despite COVID-19 woes

Xinhua 17 Jun 2021
On May 30, the country's first China-Europe freight train bound for the city of Odessa in Ukraine departed from Guangzhou ... "Since the COVID-19 outbreak, the China-Europe freight train has become an important logistics channel to ensure the China-European trade exchange and ...
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China's manufacturing hub powers global supply chain despite COVID-19 woes

People Daily 17 Jun 2021
On May 30, the country's first China-Europe freight train bound for the city of Odessa in Ukraine departed from Guangzhou ... "Since the COVID-19 outbreak, the China-Europe freight train has become an important logistics channel to ensure the China-European trade exchange and ...
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More than 600,000 teu impacted from Yantian fallout

Splash24/7 17 Jun 2021
Boxes arriving from China to the US today are taking 42% longer than last June ... The latest setback to liner schedules in southern China is having a noticeable impact on freight rates. Online international freight marketplace Freightos today noted Asia-US rates to both coasts are now at least triple their level last June.
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Television prices likely to rise 3-4% in June: Industry players

Live Mint 17 Jun 2021
In April, the prices were hiked due to a rise in operating cost on account of increased ocean freight charges, and domestic transportation costs ... "Freight charges both international as well as domestic are (at an) all-time high now ... "Now, ocean freight for a container from Shenzhen, China to Nhava Sheva port is costing us around USD 4,200.
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Rs 5,000 crore revival: 60 new plants in Morbi

The Times of India 17 Jun 2021
High container freight rates have had some effect on exports ... For the new factories, there has been a delay of 3-4 months as machinery supplies from China and Italy are running late. Higher freight rates are delaying deliveries and there have been installation delays at Morbi in the wake of the second wave.
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Why Joe Biden has been forced to accept Russia and Germany’s energy relationship

New Statesman 17 Jun 2021
The removal of US sanctions on the Nord Stream 2 pipeline is an attempt to push Germany towards confrontation with China ... Russia in this new Eurasia has a vast market for its oil and gas and Germany is part of the Belt and Road in all but name, with an ever expanding freight railway network running from China to Germany’s coastal and inland ports.
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First chartered flight brought mangoes from Pakistan to China

Fresh Plaza 16 Jun 2021
... of diplomatic relations between China and Pakistan, and to further tap the consumption potential and promote trade between Gansu Province and Pakistan, China imported mangoes from Pakistan via a chartered freight for the first time to better meet the needs of Chinese consumers.
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Soaring shipping costs fire up consumer prices

Straits Times 16 Jun 2021
He has had to stop importing giant teddy bears from China because their retail price would have had to double to add in higher freight costs ... A confluence of factors - soaring demand, a shortage of containers, saturated ports and too few ships and dock workers - have contributed to the squeeze on transportation capacity on every freight path.
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China's Full Truck Alliance targets over $20 bln valuation in U.S. IPO

Reuters 16 Jun 2021
June 15 (Reuters) - China's Full Truck Alliance Co Ltd (FTA) said on Tuesday it is aiming for a valuation of over $20 billion in its U.S ... It was the world’s largest digital-freight platform by gross transaction value last year, according to research from China Insights Consultancy that was commissioned by the company.
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Mubadala to invest $100m in a Chinese on-demand trucking startup before IPO

Arab News 16 Jun 2021
FTA, more popularly referred to as Manbang in China, said it is offering 82.5 million American Depositary Shares (ADS) at between $17 and $19 per ADS ... It was the world’s largest digital-freight platform by gross transaction value last year, according to research from China Insights Consultancy that was commissioned by the company.
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Television prices likely to rise 3-4 pc in June: Industry players

Yahoo Daily News 16 Jun 2021
In April, the prices were hiked due to a rise in operating cost on account of increased ocean freight charges, and domestic transportation costs ... 'Freight charges both international as well as domestic are (at an) all-time high now ... 'Now, ocean freight for a container from Shenzhen, China to Nhava Sheva port is costing us around USD 4,200.
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US cherries are popular in the Chinese market

Fresh Plaza 16 Jun 2021
The first US cherries of the year already arrived on the Chinese market on the 5th of May. Those cherries arrived in China by air freight and mainly consisted of Arvin Glen cherries ... The cherry production volume in northwest China increased by around 20% this season and is expected to reached 23.8 million boxes ... Source. Naturally Excellent� ... ....
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Conflict of interests hard to hide in EU-US summit

People Daily 16 Jun 2021
A total of 2,213 freight trains were dispatched between cities in China and Europe between January and February, a rise of 96 percent year-on-year. The amount of goods delivered was also significant at 209,000 TEUs (Twenty-foot Equivalent Units), up 106 percent year-on-year, according to latest data from China State Railway Group Co (China Railway).
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TOWHEY: Keystone cancellation an early Christmas gift to environmental activists

Rapid City Journal 16 Jun 2021
People are going to be shocked to find out we’re four times dependent on China for green energy and minerals as we ever we on the Middle East for oil at our peak dependency,” Kish said ... Kish noted the Trans Mountain pipeline that runs through Alberta to British Columbia will be a major source of exports to China.
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China-Europe freight train adds new route to Germany's Hamburg

Urdu Point 15 Jun 2021
A new freight train route has been launched, linking Hamburg in Germany and the city of Wuwei in ... It is the land port's first China-Europe freight train to Hamburg, also its second China-Europe freight train to Germany this year.
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