Increase rail services between China and Europe
China is planning to ramp up the number of trains between Europe and China over the next few years. By 2020, the number of trains is set to rise to 5000 per year (up from 1800 in 2016) and these developments are integral to the ‘Belt and Road’ initiative recently discussed at a high-level conference. Freight forwarders are responding to this increased capacity by offering new services, suggested The Loadstar.
MSC and San Pedro Port sign agreement
An upgrade in the port facilities at San Pedro Port, located in the Ivory Coast, West Africa, will permit the terminal to handle 14,000 teu ships. This follows a 35-year concession agreement between MSC and San Pedro Port, with the promise of $500 million being pumped into the project, revealed Splash 24/7. These developments should transform the port into one of the most competitive transhipment hubs in the region, government officials stated.
Strong first quarter growth at airports
The world’s airports experienced solid first quarter growth in 2017 for freight volumes, which registered an upturn of 8.3 percent compared to the first quarter of the previous year, according to Air Cargo World. The Airports Council International (ACI) report also revealed that Africa recorded the strongest quarterly upturn, followed by Asia-Pacific, Middle East, Europe, North America, and finally Latin America Caribbean (at 2.2 percent). The report suggested improving economic conditions and trade patterns were behind the uplift in air freight demand.