Yang Ming declares general average after YM Mobility fire at Ningbo Port
NINGBO : On 9 August 2024, a fire occurred near the bow of the YM Mobility at the Port of Ningbo. In response, Yang Ming declared General Average on 18 August 2024, to protect
Container xChange Customer Advisory-Essential measures for minimizing disruption amid Ningbo Port closure
BRISBANE : Container xChange, an online container trading and leasing marketplace, is alerting the global container trading and leasing community to the serious repercussions of the recent explosion aboard the Yang Ming vessel YM
China’s busiest container ports begin to reopen after Typhoon
SHANGHAI : Terminals at two of the world’s busiest container ports began resuming operations on Tuesday after briefly shutting down due to Typhoon Chanthu, but analysts warn that delays and disruptions remain a broader
China Ningbo Containerized Freight Index up 8.6 pct in August
The China Ningbo Containerized Freight Index (NCFI), a wind vane of China’s busiest port’s freight rates for the international container shipping market, stood at 3,862.6 points in August, up 8.6 percent compared with the
The world’s third busiest container port is back but the shipping crisis isn’t over yet
HONG KONG : One coronavirus case was all it took to shut down a critical part of the world’s third busiest container port.Now, the Meishan terminal at the Ningbo-Zhoushan Port in eastern China is back up
The shipping crisis is getting worse. Here’s what that means for holiday shopping
LONDON : The vast network of ports, container vessels and trucking companies that moves goods around the world is badly tangled, and the cost of shipping is skyrocketing. That’s troubling news for retailers and holiday
Ships resume berthing at Ningbo’s halted port terminal in China
NEW YORK : Ships have resumed berthing operations at a halted container terminal in Ningbo, China, adding to optimism that full activity at one of the world’s busiest ports will be restored shortly after
Third-largest port in the world remains partially shut down; Industry reacts
NINGBO : The world’s third-busiest port, Ningbo-Zhoushan in China, remains partially shut down as investors and US markets assess potential economic reactions. The closure could lead to new disruptions in global trade, stalling economic recovery.