MOU signed for China-Czech rail freight service
China Railway Container Transport Co and the Czech Republic’s CD Cargo have signed a memorandum on strategic cooperation that paves the way for a freight service to be launched between the two countries in the near future. CRCT also intends to use CD Cargo’s warehouses in Lovosice.
In other news, the European Commission has given the green light to a EUR70 million (US$78.94 million) program to shift road freight to rail in the Netherlands in 2019-23. All operators with a ProRail access agreement are eligible for a contribution to the cost of track access charges, which they are required to pass on to shippers through price cuts.
Bunker costs set to rise 50% per TEU
Bunker costs per TEU are set to increase by over 50% from January 2020 as the IMO2020 rules force global container lines to switch to more expensive low-sulphur fuels.
Calculations by MDS Transmodal using its online BAF (Bunker Adjustment Factor)Calculator suggest that a benchmark Far East-Europe service using 18,500 TEU ships would increase the bunker cost/TEU by $62 for the head haul direction and $39 for the backhaul direction.
Mexico opens four new terminals at Manzanillo
The Mexican government is upgrading the Port of Manzanillo, one of the country’s main Pacific Ocean ports, with four new terminals.
The terminals will include a specialised container facility with capacity to handle 1.75 million TEUs per year, another for agricultural bulk, one more for mineral bulk and one specialised for hydrocarbons.