international economics News

Lanzhou to Hamburg, Germany: Successful Maiden Voyage of the China-europe Railway Express

On August 21, the Lanzhou Railway Bureau successfully launched its first China-Europe international freight train from Lanzhou to Hamburg, Germany, reducing transport time by 15 days compared to sea freight. The train covers a distance of 8027 kilometers and operates in about 15 days with 42 cars. This project leverages the geographical advantages of the Lanzhou railway hub, promoting the development of international logistics brands. Starting from August 29, it plans to operate regularly on a weekly basis to boost regional economic development.

12/21/2023 Logistics

Saudi Arabia Expands Aviation Sector with New Airline, IATA Hub

The Saudi Arabian government has announced that the International Air Transport Association will establish a regional office in Riyadh to meet the growing demands of the industry. Additionally, plans are underway to launch a new flagship airline aimed at transforming Saudi Arabia into a global logistics hub, enhancing economic diversification, and reducing reliance on oil. The new airline is expected to increase the number of international routes significantly and boost air cargo capacity, with an anticipated ranking as the fifth largest in global air transit volume.

07/29/2025 Logistics

Global Shipping Guide Cargo Release and Risk Management

This paper delves into four common methods of cargo release in international ocean freight: Telex Release, Ocean Bill of Lading, Sea Waybill, and Destination Release. It compares and analyzes their advantages, disadvantages, applicable scenarios, and risk levels. The study emphasizes that when selecting a release method, factors such as the trust level between buyer and seller, payment status, cargo value, and time constraints must be comprehensively considered. The goal is to achieve a balance between risk control and efficiency improvement in international logistics operations.

02/05/2024 Logistics Encyclopedia

Odunvis Launches Wuhanho Chi Minh Land Route to Boost Sinovietnamese Trade

Shanghai Ortonvis International Freight Forwarding Co., Ltd. is actively expanding its road transportation services from Wuhan to Ho Chi Minh City, offering door-to-door delivery from nationwide pickup in China to all regions of Vietnam. They provide DDP solutions, simplifying cross-border transportation processes. With 8 years of industry experience and a commitment to integrity, the company offers efficient and convenient logistics support for China-Vietnam trade, helping businesses reduce costs and improve efficiency. They specialize in streamlining the complexities of international shipping.

03/25/2025 Logistics

China Banks SWIFT Codes Key to Secure Global Transfers

This article provides a detailed explanation of the Bank of China's SWIFT code (using BKCHCNBJ23A as an example), emphasizing the importance of using the correct SWIFT code for international transfers. It outlines the structure and function of the code and offers guidance on how to find the specific SWIFT code for different Bank of China branches. The aim is to help readers conduct cross-border remittances safely and efficiently, avoiding potential delays or loss of funds. Accurate SWIFT code usage is crucial for successful international transactions.

09/03/2025 International Settlement

Latvias SWIFTBIC Codes Key to Secure Global Transfers

This article offers a comprehensive guide to finding SWIFT/BIC codes in Latvia, explaining their crucial role in international money transfers. It provides effective methods for locating and verifying these codes, emphasizing the importance of using the correct code to avoid delays or errors. The guide also clarifies the difference between SWIFT codes and IBANs, aiming to help users complete international transfers securely and efficiently. It covers key aspects of Latvian SWIFT codes and their application in global banking transactions, ensuring smooth and accurate cross-border payments.