Chinese freighter halves EU delivery time on maiden Arctic voyage to UK

1 comment

1. A brief summary of the article:
   The Chinese continue to test a shorter route from China to Europe via the Arctic.
   This significantly reduces delivery time.

   China is exploring speedier maritime links with the European Union – the world’s third-largest economy – while in the middle of a costly trade war with the United States, the world’s biggest consumer market. The push reflects Beijing’s need to diversify its export markets to sustain growth in an economy heavily dependent on selling its manufactured goods overseas.

   In recent years Beijing has deepened maritime cooperation with Russia in Arctic waters, as China seeks an alternative shipping route to reduce its dependence on the Strait of Malacca in Southeast Asia.

Comments are closed.