Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Forbes: Power, potential of New Silk Road lies in its versatility  Join our daily free Newsletter

MENAFN - Trend News Agency - 19/04/2017
No. of Ratings : 0
Add to Mixx!


(MENAFN - Trend News Agency ) Baku, Azerbaijan, Apr. 19

By Elmira Tariverdiyeva – Trend:

The power and potential of the Belt and Road — aka the New Silk Road — lies in its versatility, wrote Wade Shepard in his article published by Forbes.

This emerging network of revitalized transportation routes and new trading hubs which stretch between #China and Europe finds efficiency, security, and healthy competition in the fact that it is not a single route but a network of multiple, interconnected trans-Eurasian corridors, says the article.

Like in the days of the ancient Silk Road, if one corridor goes down due to a change in government, war, an economic upheaval, or a spat over tariffs, cargo can simply be shipped to similar destinations via alternative routes — like a river flowing around a boulder, noted the author.

'Eurasia, the continental landmass that contains both Europe and Asia, is rapidly being drawn into a single massive market covering upwards of 65 percent of the population, 75 percent of energy resources, and 40 percent of GDP in the world, and it is revolutionized rail routes that are the strings tying it all together,' said Shepard in his article.

'There are currently three operational rail corridors that physically connect #China and Europe. The northern one goes mainly through Russia, and for the most part follows the route of the Trans-Siberian Express,' says the article.

'The central route goes all the way across #Kazakhstan before linking into the northern route in the west of Russia. While the southern route goes through #Kazakhstan to Aktau and either crosses the Caspian Sea by ferry or goes around to #Iran before going through Azerbaijan, Georgia, and Turkey. Along each corridor the transport time is in the ballpark of 10.5 to 16 days.'

While the north and central overland routes of the New Silk Road are currently booming, the southern one is just now becoming established, said Shepard adding that major initiatives, like the commissioning of the first UK to #China direct cargo train last week, the creation of new Silk Way Logistics, a joint venture between three of Europe's largest freight forwarders, and the Kazakh multimodal company KTZ Express setting up operations in Europe, show that accessing #China by rail is becoming increasingly attractive to Western companies.

'As demand for the services on the Southern rail corridor continues to grow, the authorities in Lianyungang and Chengdu are looking to introduce scheduled services into Istanbul in the coming months. Once in place, these scheduled services will enable greater flow of goods along the corridor and spur China-Europe trade,' said Steve Huang, the CEO of #China operations for DHL, the German freight forwarding giant who is one of the core companies that are blazing trails along the New Silk Road, according to the article.

Pushing forward regular service on the southern rail corridor is the soon to be launched Baku-Tbilisi-Kars (BTK) rail line, which will directly link the port of Baku in #Azerbaijan with Turkey, says the article.

'The Baku–Tbilisi–Kars railway is expected to be completed in 2017. Once it's operational, transportation from #China to #Turkey will be faster and more cost effective,' Huang continued.

MENAFN1904201701870000ID1095407082


 


Trend News Agency




  MENA News Headlines
 Apr 25 2017 - Turkey strikes PKK targets in Iraq, SyriaMENAFN
(MENAFN) The Turkish military bombed Kurdish militants in Iraq's Sinjar region and in northeastern Syria on Tuesday, widening a campaign against groups affiliated with the outlawed Kurdistan Workers ...

 Apr 25 2017 - Authorities Foil Attempt to Smuggle over 50k Narcotics Pills South of JordanAlghad Newspaper
(MENAFN - Alghad Newspaper) AMMAN —AlGhad— Anti-Narcotics Department (AND) personnel, according to the Public Security Directorate (PSD)'s media office, foiled a recent attempt to ...

 Apr 25 2017 - How Many Jordanian Terrorists Are There?!By Fahed KhitanAlghad Newspaper
(MENAFN - Alghad Newspaper) The American weekly news magazine, Time, published special report nearly one week ago, placing Jordan 5th on the list of militant exporters to ISIS, at an estimate of ...

 Apr 25 2017 - Jordan- Attempt Foiled to Implicate Health Dep't Director in BriberyAlghad Newspaper
(MENAFN - Alghad Newspaper) AMMAN —AlGhad— The Integrity and Anti-Corruption Unit foiled an attempt by an executive at one of the catering companies contracted by the Ministry of ...

 Apr 25 2017 - Jordan- Five Seats and a DeskBy Mohammad AburummanAlghad Newspaper
(MENAFN - Alghad Newspaper) It all began with 5 chairs and a desk, said Eng Hussam Tarawneh, the founder of the Creativity Club in Karak, last Saturday, during the opening ceremony of the new ...

 Apr 25 2017 - Jordan- Gov't Pushes Draft Law Scrapping Article 308 of Penal CodeAlghad Newspaper
(MENAFN - Alghad Newspaper) AMMAN — The government on Sunday endorsed a draft law amending the penal code and specifically scrapping article 308 of the law, which spared rapists legal ...

 Apr 25 2017 - Jordan- King Visits Army HeadquartersAlghad Newspaper
(MENAFN - Alghad Newspaper) AMMAN — His Majesty King Abdullah II, the Supreme Commander of the Jordan Armed Forces, Arab Army, Monday, visited the army's headquarters. Upon arrival, the ...

 Apr 25 2017 - Jordan: Arab Summit Sent a Message of Peace, Urges Israel to ReciprocateAlghad Newspaper
(MENAFN - Alghad Newspaper) NEW YORK — Jordan's Permanent Representative to the United Nations Sima Bahouth said that the Arab summit held last month in Jordan had sent a message of peace ...

 Apr 25 2017 - President of Croatia Hails Qatar's Role in Resolving Regional and International DisputesQatar News Agency
(MENAFN - Qatar News Agency) Doha, April 24 (QNA) - HE President of the Republic of Croatia Kolinda Grabar-Kitarovic praised the pivotal and strong mediation role of the State of Qatar to resolve ...

 Apr 25 2017 - President of Croatia Leaves DohaQatar News Agency
(MENAFN - Qatar News Agency) Doha, April 24 (QNA) - HE President of the Republic of Croatia Kolinda Grabar-Kitarovic left Doha Monday after an official visit to the country. HE President of Croatia ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help