CHINA's Qingdao Port, one of the major ports operated by Shandong Port Group, has a new container line service connecting with Mexico
CHINA's Qingdao Port, one of the major ports operated by Shandong Port Group, has a new container line service connecting with Mexico. The new service will deploy eight containerships with capacities of over 4,000 TEU to Ensenada, Manzanillo and Lazaro Cardenas ports of Mexico on a weekly basis, reports UK's Seatrade Maritime News.
Export demands to Mexico and nearby regions keep increasing and shortage of capacity is emerging, an official from Qingdao port said, the new service will be able to support export companies especially those along Yellow River to expand overseas market.
The container trade between China and Mexico grew by 34.8 per cent in 2023 and strong growth has continued this year, according to Xeneta chief analyst Peter Sand.
The trade war between the US and China is seen as driving Chinese trade with Mexico as exporters look to circumvent US tariffs on Chinse trade.
Last week US President Joe Biden announced it would impose new tariffs on goods including electric vehicles, batteries, and semi-conductors imported from China.
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