Port of Ningbo resumes operations after recent incident: Container xChange advises on how to deal with the impact and prepare for future transits

Container xChangean online marketplace for container trading and rental, informs the global container trading and rental community about the recent explosion on board the Yang Ming vessel “YM Mobility” in the port of Ningbo, China.

On August 9, 2024, a container loaded with hazardous materials exploded on board the YM Mobility while berthed at Ningbo Beilun Phase III Terminal.

Operational update: Since 00:00 on August 12, 2024, Ningbo Beilun Phase III Terminal has resumed loading and unloading operations after being closed for 60 hours due to the explosion. The terminal has begun to gradually resume normal operations.

Christian Roeloffs, co-founder and CEO of Container xChange stressed the importance of being prepared for such disruptions.

“For container trading companies and container leasing companies, this incident presents a number of challenges to consider. The disruption at the port of Ningbo, combined with existing congestion at major Asian ports, will lead to a deterioration in schedules and further delays in container availability in the coming weeks. Companies must prepare for longer dwell times and a shortage of available container supplies, especially for dangerous goods.” Roeloff's.

Adrian Degode, Head of Customer Success and Operations, added: “Container xChange's platform facilitates communication and collaboration between container traders and leasing companies worldwide, helping to coordinate responses and find solutions quickly. Our network can help users secure containers from alternative sources to manage inventory and avoid delays.”

Recommended measures:

• Redirect shipping routes: Evaluate and explore alternative shipping routes through less congested ports to avoid delays.
• Increase security protocols: Prioritize rigorous inspections and compliance with safety protocols, especially for dangerous goods. (Read our detailed blog post [here].)
• Stay informed: Regular updates from transport partners and port authorities are critical for real-time operational adjustments. Keep communication channels open to respond promptly to changes.
• Plan for longer stays: Expect longer dwell times in major ports and adjust inventory levels and delivery schedules accordingly. Consider increasing inventory levels to avoid disruptions.

Container xChange will continue to provide updates and insights as the situation evolves.

“In light of recent disruptions, Container xChange insurance provides essential protection against the risks of total loss, damage and mysterious disappearance of containers. Our comprehensive insurance coverage includes both total loss protection and constructive total loss, general average and more, ensuring container traders and leasing companies can mitigate the financial impact and maintain operational stability. Our flexible billing options and claim support are designed to provide you with peace of mind during these difficult times,” added Degode.