Hainan Shipping is committed to building a 'Maritime Ecosystem' under the Belt and Road Initiative, operating 52 vessels that encompass domestic trade, bulk cargo, and tanker businesses. By integrating the industry chain, it aims to connect shipowners, cargo owners, and financial services in the future, offering one-stop services.
As of December 4, the Zhengzhou-Europe International Railway has operated 150 trains this year, exceeding the annual target. The total cargo value reached $693 million, covering economic circles such as the Yangtze River Delta and the Pearl River Delta, and radiating to 20 countries in Europe and Central Asia. Future goals will gradually increase, continuing to play an important role in the Belt and Road Initiative.
The pilot project of the 'Three Mutuals' customs reform has officially launched at the Erenhot port, marking a significant optimization of customs procedures. The new model has achieved customs and inspection cooperation, simplified exit procedures, and significantly improved customs efficiency, injecting new momentum into trade facilitation.
As competition intensifies in the global shipping market, South Korean shipping companies urgently need to acquire ultra-large container ships to reduce costs and enhance their market competitiveness. However, liquidity issues and financing difficulties complicate this goal. Additionally, overcapacity in the industry and falling freight rates pose challenges to profitability. Regulatory authorities oppose the merger of two companies, citing potential negative impacts on the overall economy. In the future, businesses must find a breakthrough between new ship investments and market adaptation, with hopes for a recovery.
In the first three quarters of this year, the Qianhai Bay Free Trade Port in Shenzhen achieved a cross-border e-commerce clearance value of 430 million yuan, a staggering increase of 48.5 times year-on-year. This remarkable growth is attributed to innovative measures introduced by Shenzhen Customs, such as expedited clearance and integrated operations within the port area, which significantly improved efficiency and reduced costs for businesses. Moreover, the development of foreign trade enterprises was further promoted through internet platforms and dedicated services, enhancing the appeal of the free trade zone.
The first self-operated domestic trade mainline of Yantai Port, connecting Jinzhou-Yantai-Quanzhou, has officially commenced, successfully arriving after a six-day journey. This route will significantly enhance import and export volumes in the Bohai Bay, promote a positive cycle between main and branch lines, and establish a direct connection between Yantai and Quanzhou, thus aiding regional economic development and increasing the market competitiveness of Yantai Port.
With the ongoing reforms of state-owned enterprises, China's air cargo industry is facing the paradox of market optimism alongside overall losses. To break this situation, the application of internet thinking for tactical innovation is essential. By establishing a bidding platform for air cargo, building an IoT infrastructure, and improving the integrity system, the industry can achieve optimal resource allocation and enhance customer experience, facilitating sustainable development in air cargo.
The implementation of the smart shore power project at Ningbo Port will allow ocean-going vessels to draw power directly from the grid instead of relying on onboard generators. This shift is expected to significantly reduce pollutant emissions during shipping, creating a win-win situation for the terminal, shipping companies, and power suppliers. The project aims to notably decrease emissions of PM2.5, sulfur oxides, and nitrogen oxides, making a significant contribution to environmental protection.
Haikou Customs has introduced 21 measures to address foreign trade challenges, aiming to create an efficient customs clearance environment, utilize preferential policies, and explore new business models to support stable growth in Hainan's foreign trade. These measures encompass policy implementation, trade innovation, and improvement of the business environment, enhancing enterprise competitiveness and promoting local economic development.
Data from Qingdao Customs shows a significant improvement in customs clearance efficiency for foreign trade enterprises dealing with South Korea, with sea freight times reduced by 34.78% and air freight times increased by 71.43%. This progress is driven by policy benefits and technological innovation, particularly the AEO mutual recognition policy and the consolidated tax reform. Additionally, modern technologies such as the Internet of Things have greatly enhanced customs efficiency, significantly lowering business costs.
