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The Red Sea crisis has significantly increased container shipping costs between China and Europe. As a result, the demand for freight trains connecting China and Europe has increased by 100 percent since the outbreak of the Red Sea crisis.
China-Europe freight trains are an important channel for transporting goods between Asia and Europe, and an important platform for promoting the Belt and Road Initiative. The growing popularity of freight trains connecting China and Europe demonstrates the railway’s significant value in stabilizing international industry and supply chains in the wake of the geopolitical crisis in the Middle East.
At least 30 ships totaling 1.9 million tons have been attacked in the Red Sea since November, according to incomplete statistics. Many cargo ships are currently bypassing the Cape of Good Hope at the southwestern tip of Africa, resulting in increased transit times and costs.
After the outbreak of conflict between Russia and Ukraine, the railway network suffered a recession. However, the Red Sea crisis highlights the importance of freight trains between China and Europe. Freight train service between China and Europe has returned to half its pre-Russia-Ukraine conflict level.
China-Europe railways and China-to-Europe sea routes are not competing, but complementing each other. The growing popularity of freight trains between China and Europe is a reminder of the need to further smooth import and export channels and maintain global supply chains.
For example, stakeholders should accelerate the construction of the China-Kyrgyzstan-Uzbekistan Railway. Construction of the railway, a key part of the southern corridor of the China-Europe Freight Railway’s western route, finally began last year after a 25-year hiatus. Accelerating construction to supplement the railway artillery through Siberia at an early stage can effectively reduce the impact of the Red Sea crisis on international shipping routes and make logistics between China and Europe more stable.
beijing news
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