BUSINESS World's largest shipping alliance launches new route linking China, Europe

BUSINESS

World's largest shipping alliance launches new route linking China, Europe

Xinhua

17:08, April 09, 2021

An aerial photo of Tianjin Port in Tianjin, on March 11, 2021. (Photo: Xinhua)

Ocean Alliance, the world's largest container shipping alliance in carrying capacity, launched a new route linking northern China and Europe at Tianjin Port on Friday.

As the first foreign trade ocean lane opened at the port this year, the route aims to improve the maritime transport corridor between the Beijing-Tianjin-Hebei area and Europe and better serve the dual-circulation development paradigm, Beijing Daily reported.

Ten transocean container ships of Evergreen Marine Corp, a member of the Ocean Alliance based in Taiwan, China, will travel from Tianjin Port to major European ports such as Antwerp, Hamburg and Rotterdam once a week via Singapore, Colombo and the Suez Canal, providing a new convenient sea transport channel for import and export companies in northern China.

Besides the new European route, Tianjin Port also opened a Southeast Asia route and a Japan-South Korea route this year. The port, providing tailor-made services for trade companies, witnessed an over 20 percent increase in container shipping volume in the first quarter of the year.

Ocean Alliance, formed by mainland's China COSCO Shipping, France's CMA CGM SA, Taiwan-based Evergreen Line and Hong Kong's Orient Overseas Container Line, officially started operations in April 2017 and owns the largest total carrying capacity among international shipping alliances.

In 2021, Ocean Alliance has further improved the layout of its global marine network with a total carrying capacity of more than 330 ships, or 4.1 million twenty-foot equivalent units or TEUs, the report said.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue