12th February 2023 – (Shanghai) In January of this year, the number of trips made by China’s rail-sea intermodal trains on the New International Land-Sea Trade Corridor experienced robust growth, as reported by company sources.
According to the Beibu Gulf Port Group, the rail-sea intermodal trains recorded a total of 978 trips in January, marking an impressive 87.7 percent increase compared to the same period last year.
The New International Land-Sea Trade Corridor was launched in 2017 as a trade and logistics passage, jointly established by provincial-level regions in western China and members of the Association of Southeast Asian Nations (ASEAN).
Over the years, the trade corridor has witnessed rapid development, spanning across 70 cities in 18 provincial-level regions within China. Furthermore, its influence has extended to an expansive network of 495 ports in 120 countries and regions worldwide.
The surge in the number of trips made by rail-sea intermodal trains highlights the increasing significance of the New International Land-Sea Trade Corridor as a pivotal transport route for trade between China and ASEAN nations. This growth can be attributed to the corridor’s efficient and cost-effective transportation solutions, which seamlessly integrate rail and sea freight services.
The intermodal trains offer a viable alternative for businesses seeking to optimize their supply chains by leveraging the advantages of both rail and sea transportation. This multimodal approach ensures faster delivery times, improved cargo security, and reduced costs compared to traditional single-mode transportation.
The New International Land-Sea Trade Corridor plays a crucial role in facilitating economic cooperation and trade integration between China and ASEAN, strengthening regional connectivity, and promoting sustainable development. It has emerged as a cornerstone for the Belt and Road Initiative, facilitating the flow of goods, enhancing trade links, and fostering cultural and people-to-people exchanges.