Page 25 - Port of Hamburg Magazine - 02.19

Source: Schramm und Zhang 2018, © Elbreklame/istockphoto
AIR Distance: 8,822 km | Time: 4 days Cost: 32,490 USD/FEU
RAIL Distance: 11,249 km | Time: 16 days Cost: 6,350 USD/FEU
© IfW Kiel/Michael Stefan
transport services be- tween China and Europe.
For Europe’s freight transhipment hubs such as the Port of Hamburg, the New Silk Road is good news. As long as they are equipped for rail freight handling. Politically though, this also contains enormous danger for our future. What is clear is that if Europe does not come on board
the New Silk Road with both money and political creative will, and that in a mas- sive fashion, then the distribution of profit for Europe – and certainly for its neighbouring countries – will not be advantageous. Since
he, who controls this zone economically, will dominate the world economy of the future. ■
Gabriel Felbermayr
President of the Institute for the World Economy in Kiel
Port of Hamburg Magazine | June 2019 | 25