Tianjin port launches new route to S. America's east coast

2024-05-07 09:09:10Global Times Editor : Li Yan ECNS App Download

A new sea route from North China's Tianjin Municipality to the east coast of South America became operational on Monday, to facilitate trade between China and countries of the region with upgraded transport capacity.

China and South America have the longest sea route crossing the Pacific Ocean, and the new service will promote business and trade cooperation, experts noted.

The route will be operated by China COSCO Shipping Co (COSCO Shipping), connecting Tianjin port to various ports in South America including Rio de Janeiro, Santos, Itapoa and Navegantes in Brazil. It's the first sea route from the Beijing-Tianjin-Hebei Region launched in recent years, the China News Service reported on Monday.

COSCO Shipping will deploy12 vessels with capacity of 14,000 standard containers each to the route, with weekly departures. It will shorten the delivery time between Tianjin and Brazil from the previous 54 days to 40 days, and will also increase the loading capacity of cold chain containers.

The ships will carry soybeans, iron ore, coffee beans, cocoa, sugar and beef to China, and export daily necessities, chemicals, vehicles and parts, steel and furniture to South America.

Jiang Shixue, a professor at the Center for Latin American Studies at Shanghai University, told the Global Times on Monday that China has close business ties with multiple South American countries but the growth may be capped by delivery times, and the new route will upgrade the transport capacity.

China has been Brazil's largest trade partner for 15 consecutive years, and Brazil is also China's largest trade partner in Latin America and direct investment destination.

In the first quarter of 2024, bilateral trade hit $45.34 billion, up by 24.3 percent year-on-year, data from the General Administration of Customs showed.

On January 4, Dalian port in Northeast China's Liaoning Province launched the port's first routes to South America, which shortened the transport time of 32 days between Dalian and Mexico, Colombia and Ecuador to 25 days.

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