How has China’s One Belt, One Road project been influenced by the massive shifts in global shipping over the last year?
This in-depth eBook explores the impact of the recent global disruptions on the trade imbalance between China and Europe, particularly on the different shipping modalities.
This update is presented by TIMCONSULT, a Transporeon Company, as part of our Market Intelligence Initiative Global Ocean Transport.
The volume on the Eurasian land bridge hit record highs due to the
module shifts from sea and air to rail transport during the pandemic.
A total of 5,122 trains operated on the route in H1 2020, an increase of 36% compared to the previous year. In June alone, the number reached a record 1,169 trains. The total transported goods through the routes totaled 461,000 TEU in the first half of 2020, an increase of 41% compared with the same period the previous year.
Excerpt from the eBook
In 2020, investments in the One Belt, One Road initiative were the slowest of any 6-month period since the initiative was announced in 2013.