Latest News

Global Times reports that a company has launched a China-Europe shipping line.

The Global Times reported that Chinese-controlled Sea Legend would launch its first direct China-Europe via the Arctic route this week. This move is expected to reduce express shipping time between the two locations by almost half.

The state-run paper reported that Sea Legend would send its first vessel via the North Sea Route on September 24. It cited a statement by the Ningbo Zhoushan Port. It said the journey would take 18 days.

The NSR is now more accessible to goods from China, which have traditionally taken at least 40 days to travel around the Cape of Good Hope.

In the last four decades, the Arctic region has warmed up four times faster than global average. This has led to a dramatic decrease in sea ice, and created seasonal windows for shipping.

The Global Times reported that the container ship Istanbul Bridge is scheduled to leave Ningbo Zhoushan this Wednesday, and arrive at Felixstowe - Britain's biggest container port - on 10 October.

It added that the shorter trip is expected to reduce emissions of carbon by around 50%, citing a port.

Ningbo Zhoushan port did not respond immediately to a comment request.

Climate experts warn that increased traffic in Arctic waters can increase environmental risks and disturb marine mammals. Extreme weather conditions and limited infrastructure can make it more dangerous.

According to the newspaper, which cited the port, the previous fastest route between China and Europe was 26 days, from Ningbo Zhoushan in China to Wilhelmshaven, Germany. The route was launched last year. Reporting by Farah Masters and Jessie Pang from Hong Kong, editing by Kate Mayberry

(source: Reuters)