A direct shipping route within the Regional Comprehensive Economic Partnership (RCEP) was launched Saturday, linking Xiamen Port in east China's Fujian Province with eastern Malaysia.
On Saturday, the container ship "SITC Rizhao" of SITC International Holdings, a Hong Kong-based shipping logistics company, docked at Haitian Terminal of Xiamen Port, marking the official opening of the direct shipping route between east China and Malaysia.
The newly launched route would offer the fastest shipping service from Xiamen to eastern Malaysia, taking five days to reach Kota Kinabalu and eight days to Bintulu.
A total of three ships are assigned for this route, planning to dock at Haitian Terminal every Saturday. For the first shipping, the export volume is approximately 100 twenty-foot equivalent unit containers, mainly carrying fertilizers, daily necessities, and raw materials.
Xiamen Port operates a total of 93 RCEP shipping routes so far, passing through 55 ports in 10 countries and regions. The launch of the new route will further enhance the RCEP shipping route network of Xiamen Port, continuously elevating its important position in the global shipping network.
Xiamen Port opens new RCEP shipping route to eastern Malaysia
Chinese President Xi Jinping and his Peruvian counterpart Dina Boluarte on Thursday attended the opening ceremony of the Chancay Port via video link.
Xi flew in earlier in the day to pay a state visit to Peru and attend the 31st APEC Economic Leaders' Meeting.
The two heads of state listened to reports from the heads of transportation departments of both countries and watched a video presentation on the Chancay Port project. Representatives from both China and Peru at the project site reported to the two leaders, requesting authorization to commence port operations.
The two heads of state gave the order, announcing opening of the port.
The Chancay Port is located in the Chancay Bay, about 80 kilometers north of Peru's capital Lima. It is a flagship project under the Belt and Road Initiative and the first smart port in South America. Once completed, it will become a new hub port in Latin America and a gateway port to the Pacific.
The first phase of the port project will shorten the shipping time from Peru to China to 23 days, reducing logistics costs by more than 20 percent. It is expected to generate 4.5 billion U.S. dollars in annual revenue for Peru and directly create over 8,000 jobs.
Chinese, Peruvian presidents declare opening of Chancay Port
Chinese, Peruvian presidents declare opening of Chancay Port
