Tag: China

corona

February US retail imports to see larger drop amid coronavirus

With coronavirus causing longer Lunar New Year shutdowns of factories in China, imports at major US retail container ports are expected to see a sharper-than-usual drop this month, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “February is historically a slow month for imports because of Lunar New Year and the lull between retailers’ holiday season and summer, but this is

CML rail freight

CML welcomes its first rail freight delivery into the UK from China

CML has announced that it has successfully completed its first ever rail freight delivery from China. With the advantage of being cheaper than air freight and faster than sea, CML made the decision to utilise rail freight following a request to transport heavy weight, high value production parts for a client that was faced with a production line stop, had the goods not arrived within 28 days. The 4,957-mile inaugural journey

First freight train travelling from China to the UK has arrived in London

The first container train travelling between China and the UK has arrived on the 18 January at the DB Cargo UK terminal at the London Eurohub in Barking. The train is operated by the InterRail Group, a multinational transport operator headquartered in Switzerland, on behalf of China Railway subsidiary CRIMT (China Railway International Multimodal Transport). Various freight railways handle traction along the 12,000 kilometre route; DB Cargo is responsible for

Bank of China is first of 'Big Four' to join Bolero for export

The Bank of China (BOC) has become the first of the ‘Big Four’ banks in China to offer exporters the multiple benefits of using the Bolero electronic trade document platform. The move has been prompted by increased requests from BOC’s large customer-base for the use of Bolero’s ePresentation solutions and electronic documents such as bills of lading and documentary credits. As they expand their export activities outside China, with particular

UK logistics trade mission to China

The United Kingdom Warehousing Association (UKWA) is organising a trade mission to China and Hong Kong for the UK logistics industry. The five-day trip, which takes place this October, includes a stand within the dedicated UKWA Pavilion at the China International Logistics and Transportation Fair (CILF), site visits, business matching meetings and a number of networking dinners and other high profile receptions. Translators will be provided throughout to ensure that

VTB to expand financing trade contracts with Bank of China

VTB Bank and one of China’s leading banks, Bank of China, have signed an agreement to expand their product lines for servicing trade contracts between Russia and China. This agreement will provide banking services to finance bilateral trade flows within the limits of credit lines approved by Bank of China for VTB. This will increase further trade between Russia and China in different sectors of their economies. In addition, it