The Fujian-based Silk Road Maritime Association operates 100 international routes ahead of the 5th anniversary

The international shipping association Silk Road Maritime, based in east China’s Fujian Province, unveiled six new international shipping routes on Thursday, bringing the total number of the association to 100 before its 5th anniversary, bringing the maritime supply chain under the Belt and Road initiative is further secured ( BRI).

The association has conducted over 10,000 international shipping trips and has handled over 12 million TEU (Twenty Foot Equivalent Units) through its international shipping routes, which can reach 108 overseas ports in 31 countries and regions, according to the annual and spring editions of Silk Road Maritime. Summit 2023 on Thursday in Xiamen, Fujian Province. The association was founded in December 2018.

In June 2022, the “Silk Road Maritime” Association launched an express shipping route for cross-border e-commerce trade from Xiamen to Southeast Asian countries to promote the development of regional e-commerce markets under RCEP.

Buoyed by the implementation of the Regional Comprehensive Economic Partnership (RCEP), the Association of Southeast Asian Nations (ASEAN) continued to be China’s largest trading partner in 2022, with bilateral trade worth 6.52 trillion yuan ($950.34 billion), a Increase of 15 percent per year equals -on-year.

China Customs data showed that in 2022, Fujian realized foreign trade of 135.85 billion yuan in cross-border e-commerce sector, up 22.1 percent year on year, with 128.64 billion yuan export, 21.1 percent more than last year, Fujian Daily reported.

In addition, in 2022, the association opened two more special shipping routes for iron ore and stone materials connecting Fujian and Brazil, India, which has operated over 60 ships so far, transporting over 3.2 million tons of cargo through the routes.

During the meeting, the association signed a memorandum of understanding with four railway companies, including China Railway Nanchang Branch, China Railway Container Transport Co, China Railway Special Cargo Logistics Co and China Railway Express Co, to form a comprehensive logistics channel connecting China’s inland and Southeast Asian countries via the land and sea transport network.

Chen Zhiping, president of Fujian Provincial Port Group Co, said during the meeting that the association is China’s first international shipping platform for maritime logistics under the BRI, which now has over 300 members worldwide, including maritime companies, trading companies and other logistics companies, and promised , to accelerate the establishment of maritime standards within the association in order to improve the efficiency of cooperation.

The first phase of the association’s shipping information platform was put into operation with a total investment of 31.08 million yuan, providing multiple services including process visualization, operation monitoring and cargo space booking. The second phase is scheduled to be completed in 2025 with more functions of data communication, intelligent application, maritime finance and others, according to the association.

The 14th Five-Year Plan (2021-25) unveiled strengthening the brand influence of “Silk Road Maritime” in works to build the BRI with high quality in 2021. A development plan to build modern transportation systems issued by the State Council in 2022 also mentioned expanding the brand influence of “Silk Road Maritime” through the densification of the international maritime network layout.

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