Mondiale Freight News

Tianjin Xingang - Explosions close Port

Aug 13

As you may be aware there has been a series of blasts and explosions in the port area of the Chinese city of Tianjin.

It is believed that the blasts originated from a chemical and dangerous goods logistics storage location at the port. With the break of day it has become clear that this event will impact greatly not only on the city and its inhabitants, but also across many sectors of industry.

Although it is too early to have concrete details, we expect that there will be delays shipping from Tianjin’s seaports (Tianjin, Xingang) in the Bohai Bay area. Tianjin is the closest major seaport to Beijing.

It also remains unclear as to what extent the port itself has been damaged, but it is without doubt that the surrounding area will be involved in a large scale clean-up operation for some time to come.

Airlines are already reporting an increase in cargo bookings and available space will reduce and tighten in the coming days.

It should be expected that exporters will look to utilise the other major ports in the area which include (but are not limited to) Qingdao and Dalian, increasing demand and rates for these two ports

Please contact your Mondiale representative for further details or specific enquiries.

Thursday, 13 August 2015

Posted: 2 years 3.2 months ago
Tags: Tianjin, Explosion, DGs