On October 16, 2023, the Yellow River Delta region inaugurated its first international freight train service, train number 79588, loaded with 2,760 tons of rolled steel headed for Uzbekistan. The train's route includes a main line and two branches, covering multiple countries. Operated on a fixed schedule, the train is expected to run once a week, significantly reducing transportation time and enhancing efficiency.
Since its launch in August last year, the Changman Europe international freight train has been in operation for over 100 days, completing multiple round trips, covering a total distance of 160,000 kilometers, with a cargo value exceeding 35 million euros. The recent arrival of trains from Germany marks its smooth operation, and is expected to enhance transport efficiency and attract a wider customer base.
The General Administration of Customs recently announced reforms to the customs declaration process, introducing a new 'Trade Country (Region)' indicator. This change aims to enhance the accuracy of customs declarations and reflect the true state of international trade, in line with the developments of economic globalization. The indicator will streamline the customs clearance process, improve efficiency, and assist businesses in conducting more effective global trade.
Due to a low fuel incident at Beijing Capital Airport, the Civil Aviation Administration of China has decided to suspend Emirates Airlines' new routes and aircraft deployment in China. The investigation revealed the captain's arrogant attitude and refusal to cooperate with Chinese authorities. This ban aims to ensure flight safety and protect passenger interests. Emirates Airlines has acknowledged the seriousness of the incident and committed to implementing corrective measures.
The Qinzhou Bonded Port Area enhances customs inspection efficiency through WeChat groups, allowing customs declarers to obtain real-time information about cargo status, which has received positive feedback from businesses.
The construction of the Shanghai International Shipping Center faces challenges and requires concentrated efforts to improve port environments, solidify hub port status, and enhance shipping services. Key initiatives include increasing transfer rates and implementing tax rebate policies for departure ports.
Shenzhen Airport has been recognized as the 'Most Promising Freight Airport in Asia,' with a 24% growth in cargo and mail business, achieving a diversified customs clearance system.
The Low Sulfur Surcharge (LSS) has been implemented since 2015 to reduce sulfur emissions in the shipping industry. The fee varies between ports and companies, ranging from $15 to $25 per TEU.
Amazon has signed a lease agreement with Atlas Air for 20 Boeing 767 aircraft, including warrants, to enhance package delivery efficiency. This move aims to reduce reliance on courier companies and address market competition. In 2023, Amazon also entered a similar agreement with an air transport services group, strengthening its air transportation capabilities. These transactions signify Amazon's ongoing investment and strategic positioning in the package delivery sector.
The merger between global shipping giants China COSCO Shipping Group and China Shipping is gaining approval and may reshape the shipping market landscape. Meanwhile, France's CMA CGM is planning to acquire Neptune Orient Lines, seeking regulatory approval. As the dynamics among the four major shipping alliances change, market competition is expected to intensify, especially on Asia-Europe routes. Overall, the shipping industry remains in a downturn, and the outlook is not optimistic.
