Economy, Domestic Economy

New China-Iran Shipping Route

New China-Iran Shipping Route New China-Iran Shipping Route

A new shipping route linking Iran and Qinzhou Port in the Beibu Gulf, South China’s Guangxi Zhuang Autonomous Region, has been launched. The Iranian containership Perarin, which can carry 3,280 standard containers, arrived at Qinzhou Port last Wednesday to deliver 978 containers from several countries along the 21st Century Maritime Silk Road, the Chinese newspaper Global Times reported. The Silk Road was proposed by China in 2013 along with the Silk Road Economic Belt to broaden the horizons for trade and economic cooperation. The arrival of Perarin marked the opening of the first shipping route linking the Middle East and Beibu Gulf, which has three ports, namely Qinzhou, Beihai and Fangchenggang. The international shipping route connects ports in south and southeast China and those in Singapore, Malaysia and the UAE, before ending in the southern Iranian port of Bandar Abbas.