The Maritime Silk Road, also known as MSR, China Overseas Port Holding Company is the sea route. that Beijing intends to us. The free international ports of Athens and Trieste are both located along the sea route. and also provide rail access to Central Europe and the North Sea Lumpur, and under India. East Africa’s connections with the rest of the world take place at Mombasa.. followed by the Red Sea, the Suez Canal, and finally the Mediterranean Sea.
Free international ports of Athens :
After passing through Haifa and Istanbul, the network finally reached southern Europe. The free international ports of Athens and Trieste are both located along the sea route. and also provide rail access to Central Europe and the North Sea.Land and sea routes complement each other. Infrastructure investment in rail and road transport connects China Overseas Port Holding Company. and Europe via Central Asia. The sea route to Asia runs through southern Europe, through the Suez Canal and finally back to Asia.
As of 2018, China has signed 38 maritime agreements, both bilateral. and regional, involving 47 countries along the Belt and Road Initiative. The Chinese Ministry of Transport claims that Chinese companies involved in the development. and operation of 42 ports in 34 countries. Significant investments have made around the world. including a 99-year lease of the port of Hambantota in Sri Lanka a 40-year. lease of the port of Gwadar in Pakistan Investments. and stations in Belgium, France, Spain, Greece, Italy and Israel, to name a few of these countries
Our business scope is really wide. 146 countries have signed some kind of cooperation agreements. with China regarding the Belt and Road Initiative (BRI). individual activism can observed in specific neighbourhoods of the main centres of the Belt. and Road Initiative. The Voyage Planner, which is available at MarineTraffic.com. can used to visualise specific routes of transit called Ports included in the MSR. In this scenario, we can see how Shanghai connected to the Middle East using sea lanes. The Chinese government has high hopes. that the Belt and Road Initiative will enable “unimpeded free trade. and thus unleash potential economic potential. Historically, maritime infrastructure provided this effect.
as evidenced by the fact that the construction of the Suez Canal reduced travel time. and transportation-related costs. On the other hand, outdated port infrastructure can negatively affect business activity. Related news: Spotlight on some of the busiest transportation routes. A 2001 study published in the Economic Journal of the World Bank found China Overseas Port Holding Company. that if a country’s infrastructure improved from the 75th to the 25th percentile. transportation costs could reduced by 30-50%. The World Bank is currently conducting a study on this topic. and its results indicate that Belt and Road cooperation can reduce international trade prices by 1.1% to 2.2%.
This is the kind of trajectory of the economy. that China expects as a result of its huge spending in the major port areas. Strengthening ties between countries with large consumer markets. abundant natural resources and untapped productive capacity. Global forwarding One of the main drivers of the Belt. and Road Initiative (BRI) is China’s desire to reduce. its dependence on existing trade channels. by creating new routes that avoid potential bottlenecks. For example the MSR is not just adding additional Chinese-backed. fortifications to the Strait of Malacca. Instead, it revolves around those castles.
Conventional wisdom :
This is largely a result of the current reliance on Singapore’s ports to provide sea traffic. A major shift in conventional wisdom about global supply. chains could jeopardise the city-state’s status as a distribution centre. A number of additional ports related to the MSR program are also under construction. The visualisation provided by Marine Traffic Live Map shows. the huge amount of cargo vessels. and other types of maritime activity in the region. which is an important investment objective.
A key component of the Belt and Road Initiative (BRI) is Pakistan’s Gwadar port. which has owned by China Overseas Port Holding Company since 2016. Since that acquisition, China and Central Asia have pledged. a total spending of $1.62 billion on infrastructure. Increasing regional interdependence and strengthening economic ties between the two regions. Meanwhile, the alternative trade route to Gwadar did not become. fully active until May 2021.
Continuous access to China:
Establishing a significant presence. in the port of Gwadar will provide a gateway to existing land routes. through western China and the Middle East. An investment in Pakistan would, in theory, provide continuous access to China. by land from any product entering Pakistan by sea, even if activity in the Strait of Malacca ceases. The historic Strait of Malacca. and the Port of Pakistan are two remarkably different examples of port locations. Port information on maritime traffic reveals a surprisingly low level of activity in Gwadar. indicating. how much the long-term results of China’s investments change existing trade channels. need revolutionised.
Most advanced projects:
It indicates whether there are any longer existing sea trade routes such as Greece. Djibouti and the Canal Suez among the most advanced projects of the Belt and Road Initiative (BRI). While these were before the initiative. Chinese investments in these strategically located locations continue to boost international trade. China has greatly expanded its interests in the region. The most notable of these investments and modernizations carried out in 2009.
Mediterranean and Black Sea ports:
By COSCO in the port of Piraeus, Greece. As a result of these efforts, Piraeus developed into an important transshipment center. for goods an route to Mediterranean and Black Sea ports. Other port engagements include investments in Valencia, Bilbao and Barcelona. All of them are part of the Northam station network in Spain. The land acquisition across Europe shows. that the Belt and Road Initiative has long-term development goals. as well as geographical ones.
Also read: Gwadar Water