Rail lines between China &Europe stall amid Ukraine conflict
Mar 26, 2022 17:00:59 GMT -5
Post by OmegaMan on Mar 26, 2022 17:00:59 GMT -5
Rail lines between China and Europe stall amid Ukraine conflict
Saturday, March 26, 2022 by: Ethan Huff
Tags: chaos, China, Collapse, containers, Europe, rail, rail lines, railways, Russia, sea route, stalled, supply chain, transport, transportation, Ukraine, vessel capacity, War
This article may contain statements that reflect the opinion of the author
(Natural News) Businesses need to look for alternate routes to transport goods between China and Europe due to rail concerns caused by Russia’s invasion of Ukraine.
Logistics firms and exporters are reportedly no longer using land routes that pass through Russia and Ukraine due to alleged security risks, and because of Western sanctions.
There is also a concern, we are told, that European customers might boycott goods transported on Russian railways, which is creating quite the conundrum in terms of how to get goods from China into Europe.
More than one million containers that were scheduled to be moved between China and western Europe through Russia are now stalled because of all the chaos. There is talk of trying to move them via a sea route instead.
Kuehne + Nagel International AG, one of Europe’s largest freight forwarders, has already begun rejecting rail cargo coming to Europe via China, all because it had to pass through Russia in order to get there.
Customers of Scan Global Logistics are similarly turning to ocean or air freight options instead of rail due to sanctions on both Russia and its ally Belarus. These same customers are also worried about their shipments possibly getting stuck in one of these countries if they continue to transport via rail.
Rail shipments from Shanghai to Europe have dropped by 40 percent
According to reports, some nervous traders in China have halted all orders as they assess the risk of sanctions on their payment settlements and insurance. As of March 17, bookings on the weekly China-Europe train from Shanghai saw a massive 40 percent decline in transport.
Continued at link
Saturday, March 26, 2022 by: Ethan Huff
Tags: chaos, China, Collapse, containers, Europe, rail, rail lines, railways, Russia, sea route, stalled, supply chain, transport, transportation, Ukraine, vessel capacity, War
This article may contain statements that reflect the opinion of the author
(Natural News) Businesses need to look for alternate routes to transport goods between China and Europe due to rail concerns caused by Russia’s invasion of Ukraine.
Logistics firms and exporters are reportedly no longer using land routes that pass through Russia and Ukraine due to alleged security risks, and because of Western sanctions.
There is also a concern, we are told, that European customers might boycott goods transported on Russian railways, which is creating quite the conundrum in terms of how to get goods from China into Europe.
More than one million containers that were scheduled to be moved between China and western Europe through Russia are now stalled because of all the chaos. There is talk of trying to move them via a sea route instead.
Kuehne + Nagel International AG, one of Europe’s largest freight forwarders, has already begun rejecting rail cargo coming to Europe via China, all because it had to pass through Russia in order to get there.
Customers of Scan Global Logistics are similarly turning to ocean or air freight options instead of rail due to sanctions on both Russia and its ally Belarus. These same customers are also worried about their shipments possibly getting stuck in one of these countries if they continue to transport via rail.
Rail shipments from Shanghai to Europe have dropped by 40 percent
According to reports, some nervous traders in China have halted all orders as they assess the risk of sanctions on their payment settlements and insurance. As of March 17, bookings on the weekly China-Europe train from Shanghai saw a massive 40 percent decline in transport.
Continued at link
