By Yuling Chen, EDITOR
Chongqing-Guizhou-Guangxi-Singapore (abbreviated as Yu-Qian-Gui-Xin in Chinese) working as a rail-sea intermodal transport, has realized two-way daily operation. As of October 31 last year, it made altogether 419 trips.
In 2018, Chongqing Holdwell Freight Co., Ltd. shipped entrusted goods via New International Land-Sea Trade Corridor under the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity (CCI-ILSTC). Therefore, it has achieved varying degrees of growth in the number of TEU (Twenty Foot Equivalent Unit), customers, accessible ports and cooperative shipowners.
CCI-ILSTC has realized regular operation in the three organizational forms of logistics. Meanwhile, it has organically connected with China Railway Express (Chongqing), generating a complementary and coordinated development pattern.
Through the intermodal passage, trains have regularly run per day. With basically-balanced imports and exports, these goods can reach 71 countries and 155 ports like Singapore in the world.
Since the establishment in 1999, Holdwell has always focused on river-sea intermodal business. It started serving as the agent for the rail-sea intermodal passage in 2017. Since then, it has never thought that this business would be recognized by the market soon.
In 2017, the entrusted number of TEU totaled 18, and then it increased to 91 in 2018.
Why are there a growing number of customers preferring the rail-sea intermodal passage?
The data of Holdwell indicate it takes at least 22 days (30 at most) through river-sea intermodal passage from Chongqing to Philippines’s Manila via Shanghai. But the rail-sea one is over 50% faster than river-sea intermodal transportation. Plus a cost of more than USD 500 of each TEU, therefore, the former is the choice of most clients. Nonetheless, some customers prefer the latter for its low cost.
The first batch of parallel-imported vehicles purchased in Dubai arrived in Chongqing through CCI-ILSTC.
Chongqing Foreign Trade and Economic Cooperation (Group) Co., Ltd. (CFTEC) is a subsidiary of Chongqing International Trade Group Co., Ltd. Last November, it purchased the first batch of vehicles in Dubai, the United Arab Emirates. Based on parallel import, this batch traveled across Malacca to Singapore. Via Qinzhou Port, Guangxi, then it reached Chongqing for customs clearance through Inland Rail and came into the market.
The imports of CFTEC are two vehicles of Middle Eastern Toyota Land Cruiser Prado departing from Jebel Ali Port. Their total value reaches about RMB 800,000. After a 21-day journey, they arrived in Chongqing Logistics City, saving around a month compared with the river-sea combined transport.
“Traditionally, the goods will be finally pulled by a dray to Chongqing after the customs clearance in Tianjin Port. Yet thanks to CCI-ILSTC, the delivery time can shorten one week or so.” CFTEC introduces this intermodal pattern has also offered a new choice for import & export enterprises in China’s inland regions. Additionally, CCI-ILSTC has also accelerated reflux of capital, and greatly improved the market competitiveness.
On December 28, 2018, the official departure activity of Jiangjin Regular Train (a part of CCI-ILSTC) kicked off. The same day also witnessed the unveiling ceremonies of China West (Chongqing) ASEAN Commodity Distribution Center and China West (Chongqing) ASEAN Agricultural Products Distribution Center.
Luohuang Railway Comprehensive Logistics Hub has been put into use. And Jiangjin Regular Train has opened, too. Their opening has significantly reduced the cost of imported fruits of Chongqing’s market consumption. The transportation cost of an ASEAN-imported cold chain box will dwindle to about RMB 4,300 from the past RMB 13,000. Furthermore, it has also reduced the delivery time of imported fruits.
Jiangjin Regular Train will facilitate the transformation of Jiangjin District into an “opening-up frontier” from an “inland center”.
Through the rail-sea intermodal passage, 657 trains, with a total value of about 4.02 billion, have regularly run per day. The year of 2018 saw the dispatching of 609 trains. With basically-balanced imports and exports, the goods are delivered to 71 countries and 155 ports worldwide like Singapore.
With a total value of about 740 million, the Chongqing-ASEAN Highway Regular Lorry has achieved 661 departures. 505 lorries were dispatched last year. The service network has extended from Vietnam, Laos and Myanmar to Thailand (Bangkok), Cambodia (Phnom Penh), Malaysia and Singapore.
The international railway transport from Chongqing to Hanoi has dispatched 55 trains, with a total value of about RMB 580 million. The three organizational forms of logistics have all realized normal operation. Moreover, they have organically connected with China Railway Express (Chongqing), giving birth to a complementary and coordinated development pattern.