Container xChange is warning of serious repercussions following the recent explosion aboard the Yang Ming vessel YM Mobility at Ningbo Port, China.
The incident, which has led to the closure of one of the world’s busiest container terminals, is expected to significantly impact global supply chains, especially on the main trade lanes out of Asia.
The incident took place on August 9 when a container loaded with hazardous materials exploded aboard the YM Mobility while it was berthed at Ningbo Beilun’s Phase III Terminal. The explosion, which involved organic peroxide materials, has led to the closure of the terminal until further notice.
Read more in an article from gCaptain.