​China Port Explosion Snarls Trans-Pacific Container Trade – Tyler Durden

China Port Explosion Snarls Trans-Pacific Container Trade 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. The explosion aboard the Yang Ming vessel YM Mobility on Friday reportedly involved organic peroxide materials. There were no injuries in the blast, but the terminal has been…  — Continue at ZeroHedge News : Read More