The cost of shipping a container from China to Europe, bypassing the Red Sea due to attacks by Yemeni Houthis on ships, has quadrupled.
According to information from the Dutch business association for trade and logistics, Evofenedex, transporting one container now costs over $4000 instead of the former $1000. There is also an increase in additional costs and insurance for container ships.
Against this backdrop, the significance of the Trans-Caspian International Transport Route (East-West), through Kazakhstan, the Caspian Sea, Azerbaijan, Georgia, Turkey, and further through the Black Sea to Europe, becomes even more relevant.
This allows for faster delivery of goods compared to delivery through the Suez Canal and bypasses the transport corridor through Russia.
Moreover, last year saw an increase in cargo transshipment along this corridor. Thus, the increase in cargo transshipment through the Kazakhstani sea ports of Aktau and Kuryk in 2023 within the framework of the Trans-Caspian International Transport Route (TITR) amounted to 86% compared to 2022.
For ordinary citizens, all the above facts will also lead to an increase in prices for orders from China through well-known services such as Aliexpress, Joon, and others.
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