Abstract
The Suez Canal occupies a prominent place in world trade. However, the six-day blockage of the Suez Canal by a megaship “Ever Given”, chartered by the Taiwanese company “Evergreen Marine”, triggered a wave of discussions about alternative Asia-Europe transport routes. This accident revealed the dangers of the freight flows concentration on this route for the world trade and supply chains. So, search for alternatives for diversifying transport routes becomes an objective necessity in case of arising unpredictable situations. The paper aims to assess the prospects for diversification of China-EU transport routes, consider competitiveness of existing ones and the advantages and disadvantages of alternatives.
Highlights
Suez Canal, carried out in 2014–2015, significantly expanded the carrying capacity of this point of passage, Maritime cargo transportation has been used for created an opportunity to pass simultaneously in two thousands of years but still plays the pivotal role in directions
More than 60% of Chinese goods are shipped to the European Union (EU) through the Suez Canal [3]
2.2 Alternative transport routes In the paper, we examined the following alternative transport routes: land, air transport routes and Northern Sea Route (NSR)
Summary
Suez Canal, carried out in 2014–2015, significantly expanded the carrying capacity of this point of passage, Maritime cargo transportation has been used for created an opportunity to pass simultaneously in two thousands of years but still plays the pivotal role in directions. The modernization has not global trade and is crucial to bilateral trade between completely reduced the risks of a blockage. Europe and Asia: about 80% of global trade by volume is carried by sea [1]. As for the trade corridors between the European Union (EU) and the People's Republic of
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