China
        

Economy

China, ROK launch joint land-sea transport service

Updated: 2010-12-22 06:32

(Xinhua)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

JINAN - China and the Republic of Korea (ROK) Tuesday launched a joint land and sea transport services in a bid to cut logistics costs and boost trade.

Semi-trailers loaded with cargo can now be shipped between Qingdao, Rizhao, Yantai, Weihai, Longyan and Shidao in the eastern Chinese province of Shandong and Incheon, Pyungtack and Kunsan in the ROK.

Related readings:
China, ROK launch joint land-sea transport service China-Japan-ROK free trade talks 'set for 2012'
China, ROK launch joint land-sea transport service China works to ease North-South Korea tension
China, ROK launch joint land-sea transport service China, Japan, South Korea welcome new era for tourism
China, ROK launch joint land-sea transport service 33 Chinese tourists missing in South Korea

The service can cut transport time by 3.5 hours and reduce costs by $50 per container, as trailers can be driven directly to customers without unloading and loading, according to the ROK's Transport Research Institute.

The service is expected to boost the shipments of fresh vegetables, live fish and other fragile products such as glass and electronics.

Gao Hongtao, deputy director of the Shandong Provincial Transportation Bureau, said that with continuous oxygen charging and temperature control, the service can increase by 10 percent the survival rate of live fish exported from Weihai to the ROK.

The two countries would later allow trucks to be shipped, according to an agreement they signed in September. The ports might also later include locations such as Northeast China's Liaoning province, according to Ju Chengzhi, director of the international cooperation department with China's Ministry of Transport.

This year marks the 20th year since the launching of cargo, passenger and container sea transport services between China and the ROK. China has become the ROK's largest trading partner, both as its largest importer and exporter.

E-paper

Ear We Go

China and the world set to embrace the merciful, peaceful year of rabbit

Preview of the coming issue
Carrefour finds the going tough in China
Maid to Order

European Edition

Specials

Mysteries written in blood

Historical records and Caucasian features of locals suggest link with Roman Empire.

Winning Charm

Coastal Yantai banks on little things that matter to grow

New rules to hit property market

The State Council launched a new round of measures to rein in property prices.

Top 10 of 2010
China Daily in Europe
The Confucius connection