Ports cooperation to promote Sino-Russian trade

On June 6, Tianjin Port Group signed a memorandum of understanding for cooperation with Commercial Port of Vladivostok Group to promote the two ports' integrated development and respond to the national Belt and Road initiative.

According to the memorandum, the two ports will further strengthen the cooperation in port handling, sea-railway combined transportation and infrastructure construction.

The Trans-Siberian Railway makes it convenient for the two ports to improve container service and share port information as well as resources.

As the memorandum shows, customers, ship owners and sea carriers plan to jointly improve the container shipping services between China and Russia, which will stimulate the bilateral ocean-going trade on the sea.

As the eastern starting point of the China-Mongolia-Russia Economic Corridor, Tianjin Port is also an important point location on the 21st-Century Maritime Silk Road and has close trade ties with ports in Russia.

Last year, Tianjin Port's container shipping realized a high-speed growth of 32.9% year-on-year.

Tianjin Port plays a key role in the Sino-Russian trade in the Northern China. Based on two cross-border links (from Erenhot and Manchuria respectively) to Russia, Tianjin Port has launched the Tianjin-Mongolia-Russia Transport Network and the China- Mongolia-Russia International Transportation Corridor. A freight service that travels between Tianjin and Moscow has been provided.

Founded in 1897, Commercial Port of Vladivostok, located on on the north-west area of the ice-free Golden Horn Bay, provides handling services in handling for general, bulk, and containerized cargo. It is the leader among the Russian Far Eastern ports in handling containers, cars, heavy-duty vehicles, and heavy lifts. The port's cargo throughput in 2016 was 5.12 million tons.