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New direct shipping route between China's Tianjin Port & Europe opens

10 Apr '23
1 min read
Pic: Shutterstock/dedi57
Pic: Shutterstock/dedi57

Insights

A new direct container shipping route that will connect north China’s Tianjin Port with several major European ports has been opened by HMM, a prominent shipping company in South Korea. HMM has revealed that it will deploy 12 ultra-large container ships, each with a capacity of 24,000 twenty-foot equivalent units TEUs, on a weekly basis to operate the shipping route.

The new maritime route will link Tianjin with leading European ports, including Hamburg in Germany, Rotterdam in the Netherlands, Algeciras in Spain, and Antwerp in Belgium. The primary objective of this shipping route is to provide an efficient and convenient mode of transportation for the export of China-made mechanical and electrical equipment and daily necessities, according to local media reports.

Tianjin Port, which is a significant port in northern China, handled over 21 million TEUs of container throughput last year, placing it eighth in the world. During the first two months of this year, the port’s export and import value grew by 19.1 per cent year-on-year (YoY), reaching 309.2 billion yuan (around $44.9 billion). Tianjin Port was also the top-performing port among China’s top ten ports in terms of export and import growth rate during this period.

Fibre2Fashion News Desk (NB)

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