``The effects of the OBOR are already beginning to appear. Earlier this year an Iranian container ship arrived at Qinzhou Port in China with 978 containers from several countries along the 21st-Century Maritime Silk Road opening the first shipping route linking the Middle East and the Beibu Gulf or Gulf of Tonkin in Vietnamese. In February 2016 a container train with Chinese goods took only 14 days to complete the 5,900 mile (9,500km) journey from China's eastern Zhejiang province through Kazakhstan and Turkmenistan.
Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped 24.6 percent last week The post Asia-Europe Container Shipping Rates Skyrocket appeared first on gCaptain Maritime & Offshore News.
Soon after China identified Malaysia's Malacca as part of its 21st Century Maritime Silk Route economic belt (MSR), an international shipping port is being planned for the state.
Chinese officials on Saturday fleshed out some details for the country's ambitious 21st Century Maritime Silk Road (MSR) project in its “one belt, one road,” action plan.
China’s 21st Century Maritime Silk Road and Economic Belt development vision has takers in UK maritime sector, reports Xinhua News Agency. Both countries expected