A hazardous materials explosion at Ningbo Port, one of the world's busiest, has halted container traffic and threatens to worsen existing supply chain disruptions.
The closure of Ningbo Beilun’s Phase III Terminal is expected to have cascading effects on the main trans-Pacific trade lanes out of Asia, and the supply chain at large, in the midst of the peak shipping season. As Stuart Chris reports for FreightWaves, container traffic has been halted at Ningbo following a shipboard explosion involving hazardous materials at one of the world’s busiest intermodal hubs.
“With this closure, Ningbo Port is no longer operational, compounding existing supply chain disruptions exacerbated by Typhoon Gaemi in July,” said Christian Roeloffs, co-founder and chief executive of Container xChange, an online container marketplace based in Hamburg, Germany, in a customer advisory. “For container trading companies and those involved in container leasing, this incident presents some straightforward challenges worth accounting for.
Explosion Shipping Delays Supply Chain Disruptions Container Shortage Hazardous Materials Trans-Pacific Trade Peak Season Organic Peroxide China
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