New Budget Route: Euro – Sino – S’pore Route?

19 April 2016 (edited 23 May 2016)

The GFG member for Singapore shared the following article, for relay to the GFG members.  Could this new route / mode option cut costs for our European members?  The article suggests a possible 60% reduction…

HH SinoSingaporeCrop

To download original article image file, click here

This news may be of interest to all members, please circulate.

Thank you,

Best Regards,

Liza Chua

HARBOUR HANDLERS PTE LTD
NO. 86 NEIL ROAD
SINGAPORE 088846.
TEL  : +65 62211808
FAX:  +65 62211022
E-MAIL   :   hhfrt@pacific.net.sg
WEBSITE :  www.harbourhandlers.com.sg



Digging deeper…

Euro-Sino-Spore

Looking further into this initiative, it becomes clear that this is not the first time Singapore and China have worked together on such a project.  Their plan for the new train line is but the latest in a series of joint ventures, two others being the Zuzhou Industrial Park in 1994 and the other being the Tinajin Eco-city in 2008.

The CCI (Chongqing Connectivity Initiative) Seminar on 15th April this year, attracted over 200 visitors both those seeking opportunity and also those offering expert advice, in relation to modern connectivity and services within China and with other counties.

Mr Chan Chun Sing, Minister in the Prime Minister’s office was reported to have likened Singapore and Chongqing to squirrels and the whole of China to a panda, moving more cautiously.

With Singapore and Chongqing acting as pathfinders to forge new collaborative business, he was quoted as saying:

“If the central government allows the two squirrels to run a bit faster and experiment with new policies, we can feedback the terrain forward to the panda and allow it to have a smoother and faster ride.”

 squirrel1asquirrel1               panda9
 Singapore & Chongqing Squirrels “pathfinders”   China Panda “cautious”

With the planned Sino-Singapore train route estimated to reduce transport costs by 60% compared to the same routes via air freight, the potential is great.  Of course the route can work in both directions so benefits for Asian goods moving into Europe are also likely to benefit.


HUGE POTENTIAL

If we do this well, we can also send goods to Bangkok, Kuala Lumpur, Taiwan or Hong Kong, or cities that are four to five hours’ flight away from Chongqing.

CHONGQING MAYOR HUANG QIFAN , at the Chongqing Connectivity Initiative (CCI) Semina

Mr Huang Quifan, mayor of Chongqing estimated that European goods, such as luxury brands, could take 12 days to complete the 11,000km route along the Chongqing – Xinjiang – Europe railway, stored in tax-free zones and then sent by air to Singapore.  In fact, cargo could be air freighted to any destinations 4 or 5 hours from Singapore, offering a multi-location benefit overall.

For more details, see following articles:

http://www.straitstimes.com/asia/east-asia/lower-logistics-costs-with-euro-sino-spore-route
http://investmentstab.blogspot.co.uk/2016/04/cheaper-european-goods-in-pipeline.html


The GFG is always seeking new members – but only in the areas where we don’t yet have a member.  We offer exclusivity, so you can rest assured that we only choose the right company to represent the GFG in their location.

Capture Harbour Handlers – the GFG’s member for Singapore
Website: www.harbourhandlers.com.sg

(Do you want to be part of the great network that inspires unity and friendship in business?  Join us, find out about membership opportunities here)

Article by: R Marchant, GFG Group Administrator, 29 April 2016, edited 23 May 2016


 



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