In the context of global political instability, U.S. sanctions on Russia have led to many worldwideshippingChina’s shipping routes to Russia were also affected by the company’s shutdowns.Al several shipping companies such as Maersk have left the Russian shipping market in a row, some shipping companies are shifting their business focus to the China-Baltic route.
In this context, several shipping companies have opened the Eastern-St. Petersburg route to try to fill the market gap. For example, the logistics company Torgmoll’s shipping company Newnew Shipping has opened the Eastern-St. Petersburg route and will arrange five 2,500 TEU-level ships to operate on the route. At the same time, Safetrans jointly OVP Shipping has also opened the Eastern-St. Petersburg route, joining a ship of 4,252 TEU, thus increasing the density of the route to one weekly flight. Russian domestic shipping company FESCO will not miss this opportunity, launching a new route called the “FESCO Baltorient Line”, connecting China-St. Petersburg.
These new routes will help fill the market gap for China-Russia routes, and may stabilize shipping prices and mitigate the impact on global trade.At the same time, it also means that China will become an important market for these shipping companies, which will further boost trade and economic cooperation between China and Russia.