Overview of port operations
In Week 51, due to strong winds and heavy snow, the visibility is low and China-Europe freight trains have had to slow down. Typically when this happens, the origin station will reduce the frequency of departure and adjust the departure schedule to ease the pressure at the port. This week, Alashankou took 8-15 days to transload; and Khorgos was about 7-12 days
Outbound service- Due to transportation security in the Red Sea, the shipping time of sea carrier around the Cape of Good Hope is about 12 days longer than that of the Suez Canal, and transportation costs are also rising. This has had a knock on effect to Asia to Europe rail services and the volume of land transportation has increased. Now all space from platforms in China has been sold out until the middle of January. We expect the China – Europe rail services to be very busy in Q1 due to the ongoing disruption in the Red Sea.
Inbound service- In late December, eastbound trains from Hamburg, Duisburg, Malaszewicz, Budapest and other cities to Changsha and Chongqing will have space available and prices are stable. The eastbound price in January has not been announced yet. However, Chengdu has released its eastbound transport plan for January, adding several new loading stations. It is expected that cargo can be loaded at Maraszewicz, Lodz, Tilburg, Nuremberg, Duburg, Hamburg, Budapest, and Milan in January 2024.
The supply and demand are stable, and the overall supply of space is sufficient. In late December, there is still some space available from Xi'an to Tashkent and Almaty. The December space from Zhengzhou to Tashkent has been sold out, and FCL can be booked in early January. Trains from Hefei to Almaty and Tashkent are being released.