Surging transhipment cargo means SE Asia ports must cooperate, not compete
The combination of challenges posed by the Red Sea crisis and an early peak season, ...
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
Most of the discussion around China-Europe rail services has focused on the westbound headhaul leg moving high-value Chinese exports such as automotive components and electronic goods to European consolidation points, far less has been said about the backhaul trip. This story, from the fabulous Quartz, reports how the extension of the rail service from Germany to collect Spanish food exports – especially wine and olive oil – has been a failure. While the freight rates are 10 times as much as ocean shipping, the weather extremes on the trans-Siberian railway makes keeping the goods at the right temperature very difficult. “To transport wine and olive oil from Madrid to Yiwu, China, Spanish producers need to wrap bottles in thermal blankets to protect them from the cold of the Russian tundra—or else their products will freeze and explode.”
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