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Kine-Reach International Forwarding Co., Ltd. - South China We are an international shipping forwarding company and pleased to provide you with all types of sol

We are an international shipping forwarding company and pleased to provide you with all types of solutions for your businiess.

28/11/2024

THE 100,000th China-Europe freight train from Chongqing recently departed for Europe, marking a significant milestone in the development of world trade, reports Xinhua.

The train, fully loaded with a diverse array of goods such as electronic products, vehicles and auto parts, mechanical to arrive in Duisburg, Germany in 10 days.

"The China-Europe freight train service enables more high-quality Chinese products to reach overseas markets faster and at lower transportation costs, while also creating a new gateway for foreign businesses to enter the Chinese market," said Zhang Xiaolong from Chongqing's Yuxinou Logistics Co.

"With the continuous improvement in international rail freight efficiency, the China-Europe freight train service is poised for significant growth, offering vast potential and promising prospects for the future," said Mr Zhang.

In March 2011, the China-Europe freight train (Yuxinou) service was launched from Chongqing to Duisburg, establishing a direct overland trade corridor between China and Europe.

Over the past 13 years, the service has transported over 11 million TEU, valued at more than US$420 billion.

Its operational efficiency has significantly improved, with the time needed to complete 10,000 trips reduced from seven and a half years to just six months, according to China State Railway Group Co.

So far, the China-Europe freight train network has expanded to 227 cities in 25 European countries and over 100 cities in 11 Asian countries.

The service is widely seen as a vital "stabiliser" for Asia-Europe trade and economic ties.

The variety of goods transported has also greatly diversified, growing from a few categories like electronics to over 53 categories and more than 50,000 types of products.

High-tech and high-value-added items, including China's new energy vehicles, lithium batteries and photovoltaic products, have increasingly become a part of the cargo, making their way to global markets via this service.

Lan Gang, a China-Europe freight train driver based in Chengdu, the capital of southwest China's Sichuan Province, has witnessed the development of the service firsthand.

"The trains I drive are bringing more and more foreign products to the Chinese market," said Mr Lan.

While driving high-level opening up in China's inland regions, the service is also boosting economic and social development in countries along the routes.

In the border city of Ulanqab, China's Inner Mongolia Autonomous Region, the service has promoted import and export businesses and development of local industries.

While in Duisburg, new logistics hubs, industrial and trade centres, and industrial parks have been established following the launch of the China-Europe freight trains, creating over 20,000 local jobs.

Last month, an ASEAN Express train set off for Poland's Malaszewicze via Chongqing, opening a new fast-track route for Asia-Europe trade.

It achieved seamless connection between the New International Land-Sea Trade Corridor and the China-Europe freight train service -- two vital international trade routes.

The journey, which starts in Vietnam, cuts previous Asia-Europe cross-border transportation by five to 10 days.

"The China-Europe freight train service hits the sweet spot between air freight, which is fast but expensive, and sea freight which is less expensive but very slow," said Hanno Reeser from Dutch company New Silk Way Logistics.

"China-Europe railway service has provided opportunities for European enterprises," he said, noting more European businesses now choose to use this service.

28/11/2024

FESCO's container throughput between Russia and China reach 280,000 TEU in the first nine months of 2024, reports Tass, the Russian news agency.

Fesco (Far Eastern Shipping Company) will launch the direct service between China and the Black Sea port of Novorossiysk this month, the company's president Pyotr Ivanov said.

"We believe this is not a limit value and it will certainly grow," said Fesco president Pyotr Ivanovv.

Fesco will launch the direct service between China and the Black Sea port of Novorossiysk this month, he added.

28/11/2024

AMERICAN agricultural firm have reported signing major deals at the world's largest trade fair in Shanghai, and they said exports of soybeans and sorghum to China would maintain their growth momentum, reports Hong Kong's South China Morning Post.

A total of 31 American companies signed deals worth US$711 million with Chinese buyers during the six-day China International Import Expo (CIIE), up 41 per cent from a year earlier, according to the American Chamber of Commerce in Shanghai.

"Agricultural produce are an important part of bilateral trade between China and the US. We hope both governments will actively explore new paths to bolster the economic ties," said AmCham Shanghai president Eric Zheng. "We expect the two economies to keep playing complementary roles to each other [in the trading of agricultural products]."

Mr Zheng said business discussions between the delegation, the CIIE and Chinese buyers will continue over the next year, which will likely yield even larger transactions.

28/11/2024

CHINA and Latin American countries are likely to find opportunities for deeper cooperation amid the new Trump administration's protectionist tendencies, experts said on the sidelines of the APEC CEO Summit in Lima, reports Caixin.

They highlighted key areas for potential collaboration could include mining, manufacturing, new energy, agriculture, digitisation and artificial intelligence.

Despite rising protectionism, many Chinese companies remain eager to expand overseas and are confident about learning to navigate the global market, Ning Gaoning, chairman of APEC Business Advisory Council's sustainable growth working group, told a Caixin roundtable

Mr Ning, a former chairman of Chinese oil and chemicals giant Sinochem, used the Chancay Port project, a US$1.3 billion deepwater port in Peru developed by China's Cosco Shipping, as an example of strategic investment.

The project, which is set to begin operations soon, will cut the time it takes to send sea freight between South America and Asia from 45 days to 23 and is poised to make Peru a logistics hub, according to Xinhua.

28/11/2024

TAIWAN's Evergreen has ordered 60,500 new containers at a cost of US$187 million, according filings in the Taiwan Stock Exchange.

Some 23,000 containers have been ordered from CXIC Group, 21,000 from Guangdong Fuwa Equipment Manufacturing and 16,500 from D**g Fang International, the latter a unit of Cosco Shipping Development.

Evergreen said it needed more containers to meet fleet growth, and announced the order after last week's disclosure that net profit had tripled in the first nine months from the year ago to $3.5 billion drawn on sales of $11 billion up 68 per cent.

This is Evergreen's second round of spending this year. In June, the seventh-largest container line ordered six 2,400-TEU methanol, dual-fuelled ships from CSSC Huangpu Wenchong Shipbuilding, for $348 million, and 50,000 containers from D**g Fang, China International Marine Containers and Singamas, spending around $162 million.

Alphaliner reported that the carrier had asked major shipbuilders to submit quotes for 11 methanol dual-fuelled 24,000-TEUers.

28/11/2024

CARGOPOINT, a forwarder based in Tashkent, Uzbekistan, has launched a new air service connecting China to Europe, reports Hong Kong's South China Morning Post.

As global trade seeks robust and agile supply chains, this new transit corridor aims to streamline cargo movement between Asia and Europe, the company said.

CargoPoint plans to provide reliable capacity and a welcome alternative to bottlenecked routes through other regions.

Despite fluctuating demand and capacity constraints across the China-Europe corridor, the air cargo market remains resilient, driven by the continued expansion of trade and e-commerce.

The air cargo flow between China and Europe recorded a year-on-year increase of 14.6 per cent in August 2024, according to IATA.

WorldACD stated that the spot rates for air cargo between China and Europe have risen by to 18 per cent in the calendar week 36 and reached US$4.39 per kg, one of the highest levels seen in 2024.

This trend aligns with the broader market recovery and increased demand for air cargo capacity following disruptions in maritime shipping and improving global trade.

With Tashkent at the heart of this route, CargoPoint capitalises on its location. This new air corridor allows companies to bypass complex geopolitical bottlenecks, such as Russian airspace closure, tensions in the Red Sea and the broader Middle East, shortening delivery times for European and Asian businesses.

CargoPoint, along with its partner Turkish Cargo, is playing a crucial role in shaping this new logistics landscape. Turkish Cargo operates about 25 flights per week, with two daily widebody aircraft, making it the largest capacity provider connecting Tashkent airport to Istanbul and beyond.

CargoPoint is weaving Tashkent and Uzbekistan back into the fabric of the Silk Road, rekindling ancient pathways where cultures converged and commerce flourished.

19/11/2024

SHENZHEN, China-headquartered cargo operator SF Airlines has launched a new route between Hubei province in central China and Hong Kong.

The inaugural flight on the route departed from Ezhou Huahu International Airport on October 30 using a Boeing 737-400 freighter, according to London's Air Cargo News, citing Xinhua.

Three round-trip flights are scheduled on this route every week, providing about 100 tonnes of air transport capacity weekly.

The route will provide e-commerce express capacity for this year's Double Eleven online shopping festival, also known as the Singles' Day shopping festival and a Chinese version of Black Friday.

The new route is also Ezhou Huahu Airport's first all-cargo route to Hong Kong, said the cargo airline, which currently operates more than 60 domestic and international routes from Ezhou Huahu.

Earlier this year, the airline launched new routes between Urumqi, China and Budapest and between Ezhou Huahu and Budapest.

19/11/2024

COSCO Shipping is about to launch soft opening of its newly constructed container terminal in Chancay, 50 miles north of Peru's capital Lima.

Despite attempts to frustrate this by Peru's government, COSCO is set to be the sole operator, and the terminal is more than 90 per cent complete, initially with four operating berths.

The port is expected to be formally opened by Chinese President Xi Jinping on November 14, when he is scheduled to attend the Asia-Pacific Economic Cooperation forum, reports Fort Lauderdale's The Maritime Executive.

For security reasons the Chinese president will open the port remotely via video link from the safety of the Chinese Embassy in Lima.

COSCO intends that the port will act as a distribution node for trans-Pacific trade, with smaller ships taking containers onwards to Chile, Colombia, Ecuador and other ports on South America's west coast. There are even hopes that it will cater to areas of Brazil that are too far inland to be effectively served by ports on the Atlantic.

In its start-up phase, COSCO or its Ocean Alliance partners will operate two 14,000 TEU container ships per week, direct to Shanghai. COSCO intends that when fully developed, Chancay will be able to handle larger vessels handling 24,000 TEU containers.

The project has been financed by a consortium of Chinese banks, with the investment totalling US$3.5 billion when fully complete.

The imminent opening of the port has attracted comment from General Laura Richardson, Commander of US Southern Command, who has expressed concern that the deep-water characteristics of the new port will make it suitable for Chinese naval deployments, in particular as a base for forward-deployed intelligence-gathering activities.

The port will also be useful in continuing attempts by China to establish a monopoly position in the rare earth minerals trade, which it is seeking to consolidate by buying stakes in mining companies in South America.

Chinese attempts to also establish an operating footprint in Ushuaia in southern Argentina appear to have been thwarted after General Richardson visited Ushuaia in April this year.

19/11/2024

THE Trans-Tasman service operated by COSCO Shipping Lines and OOCL, known respectively as ANE and ANS, is being upgraded to weekly frequency, effective next month, according to Australia's Daily Cargo News.

The 1,841 TEU ESL Winner, transferred from COSCO's CAP service, joins ANE in Melbourne this week while the 1,023-TEU newbuilding Pride C arrives on December 1.

The ANE service was launched by COSCO in May 2023 on a fortnightly rotation of Auckland, Melbourne, Bell Bay, Port Botany using the 1,118 TEU-Contship Yen, with Tauranga added when the OOCL-supplied, 990 TEU Contship Quo was added.

However, thanks to weather and congestion the two had trouble maintaining fortnightly frequency, which drifted out to around 17 days, and in October this year the end-of-charter Contship Quo was handed back to owners and quickly on-sold. This briefly left only Contship Yen to maintain the service.

The upgraded service will rotate Melbourne (Thursday), Bell Bay (Sunday), Port Botany (Wednesday), Auckland (Tuesday), Tauranga (Thursday) and returning Melbourne (Thursday).

The additional Bell Bay calls will put competitive pressure on the only other international service calling Tasmania, MSC's Noumea Shuttle.

For both carriers the principal role of the Bell Bay call is to feed cargo to/from their mainline services.

Although there is industry speculation ZIM/GSL might join ANE/ANS as a slot-charterer when their current short-term deal with ANL on the TranzTas and ANZ Shuttle loops expires, a OOCL spokesman told DCN "there is no known slot charter arrangement with another carrier being considered".

Shipper sources said the additional capacity was "hardly needed" on the Tasman and was certain to lead to "rates tumbling again". However, the transit times on key legs, Sydney/Auckland and Tauranga/Melbourne "are appealing".

10/11/2024

SHANGHAI Hudong-Zhonghua Shipbuilding Co, a subsidiary of China State Shipbuilding Corp, signed yuan-based contracts to build 12 large containerships, reports Beijing's Beijing's Global Times.

The shipyard also announced that it had signed a contract with China Shipbuilding Trading Co and COSCO SHIPPING Lines to build six large containerships each capable of carrying 13,600 TEU.

The order was signed just 10 days after the shipyard reached a similar deal to build six ships of the same type for tonnage supplier Seaspan Corp.

The deals, among the largest containership orders signed in China this year, signal the currency's steady expansion in the global shipping market, further raising the yuan's international recognition, analysts said.

The 13,600-TEU containership measures 336 metres in length and has a maximum capacity of 14,096 TEU, while providing sockets for 2,000 re**er containers.

The settlement in yuan comes after a series of similar cases in recent years, and it reflects the Chinese shipbuilding industry's rapid development and the yuan's growing international status.

The use of yuan settlement will help reduce exchange risks and enhance the profitability of Chinese shipbuilders, raising their market competitiveness, Hudong-Zhonghua Shipbuilding Co said in a statement sent to the Global Times.

Such an arrangement will also reduce financing costs and improve trade efficiency for shipowners, resulting in a win-win situation.

The company said that, up to now, it has signed deals for orders to build 21 vessels, of which yuan-based deals reached CNY15 billion (US$2.1 billion), contributing to the internationalisation of the currency.

10/11/2024

SHENZHEN port, adjacent to Hong Kong, is targeting 33 million TEU container throughput this year, reports the UK's Seatrade Maritime News.

This compares with last year's Shenzhen throughput of 28.7 million TEU, an increase of 8.36 per cent.

Shenzhen will prioritize the container transportation service development at the port areas of Yantian, Nanshan and Dachan Bay.

The port authorities will promote container terminal facility expansion including the projects at east port area of Yantian port, the second phase container terminal pre-project of Dachan Bay and the shipping channel project at west port area of Shenzhen.

Shenzhen will also strengthen LNG services ability at its port area, aiming to have 16 million tons LNG receiving capacity by the year of 2025.

Shenzhen is going to integrate its LNG transportation resources and form local LNG carrier fleet to meet the demands from both international and domestic LNG transportation, as well as the LNG bunkering market.

10/11/2024

TURKISH liner operator Akkon Lines has added the Saudi Arabia Red Sea port of Jeddah to the rotation of its Far East Service (FES), reports Greece's Container News, quoting DynaLiners.

With the addition of the Jeddah port, the new rotation is Qingdao (China), Taicang (China), Ningbo (China), Guangzhou, Nansha (China), Aliaga (Turkey), Gemlik (Turkey), Gebze (Turkey), Istanbul, Ambarli (Turkey), Jeddah (Saudi Arabia), Nhava Sheva (India) and returning to Qingdao.

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