AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,546 Increased By 137.4 (1.85%)
BR30 24,809 Increased By 772.4 (3.21%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)

CHINA-train-railway-1024XIAMEN: A new freight train service started on  Friday linking the east China port city of Xiamen with Moscow, making it the newest China-Europe freight train route.

At 9:30 a.m., the train with 40 containers left the station from Xiamen  Free Trade Zone carrying goods worth 363,000 US dollars including granite, lighting supplies, artificial flowers and shoes for Moscow.

A single trip on the 10,920-km route takes 13 to 14 days. Without the  direct train service, it used to take at least 25 days to transport goods.

The train route connects the east and northeast Chinese cities of Nanchang, Nanjing, Jinan and Jinzhou, and crosses the border via Manzhouli Port in north China's Inner Mongolia Autonomous Region.

Jiang Jingdong, assistant general manager of Xiamen Haicang Free Trade Port Zone Investment and Construction Management Co. Ltd., said the service is still in trial operations with three trips from Xiamen to Moscow per month. The freight train service will be normalized in the second half of this year.

Huang Changhong, manager of Trans-China Logistics Co., Ltd., said that trade between Xiamen and Russia is complementary. Xiamen and its surrounding cities are export-oriented with machinery equipment and shoemaking industries, while it imports wood, paper pulp and vegetable oil from Russia.

Lin Jiangfan, an official with Xiamen Haicang Free Trade Port Zone, said that as the host city of the 2017 BRICS Summit slated for September, Xiamen welcomes a closer partnership with Russia, one of the BRICS countries. The Xiamen-Moscow freight train service could also strengthen the Belt and Road Initiative, driving trade in Xiamen.

In 2016, exports from Xiamen to Russia reached more than 5 billion yuan (727 million US dollars), and imports from Russia totaled 1.9 billion yuan.

Copyright APP (Associated Press of Pakistan), 2017
 

Comments

Comments are closed.