Tuesday , 16 October 2018
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China Merchants Holdings looks towards terminal alliance on China’s maritime silk road
China Merchants already operates a terminal in Colombo, one of the hubs on the planned maritime silk road

China Merchants Holdings looks towards terminal alliance on China’s maritime silk road

China Merchants Holdings International (CMHI) is eyeing up a potential terminal alliance along China’s maritime silk road in a bid to challenge liner shipping alliances.

Last Friday at the Maritime Silk Road Port International Cooperation Forum in Ningbo, Bai Jingtao, general manager of CMHI, said that the alliance would enhance the comparative advantages of pairing arrival and departure ports.

According to IHS Maritime, he stated that the alliance should collaborate to provide logistics services for manufacturers and consumers, and provide financial services to boost the comparative advantages of each member port.

Jingtao further suggested that all alliance terminals should employ a unified information service platform based on big data, providing unimpeded access to information between terminals. In contrast to “information islands” at present, the terminal alliance would allow data transparency and data flow.

The One Belt One Road project announced at the end of 2013 seeks to connect China’s main industrial cities with trading centres elsewhere in Asia, the Middle East and Europe. The maritime silk road covers South East Asia and the countries around the Indian Ocean. Infrastructure work for this project will be financed by among others the new Asian Infrastructure Investment Bank.

Last week, the Port of Antwerp set up a “One Belt One Road” taskforce and signed a collaboration agreement with the China Development Bank and the Chengtong Holdings Group.

Both parties have agreed to look for a suitable site in the port to set up an EU-Africa-International Trade & Logistics Hub Centre.