On August 9th, a vessel carrying hazardous materials exploded at the Beilun Phase III Terminal in Ningbo port, halting traffic at one of China’s busiest shipping hubs. As the world’s second-largest container port, Ningbo handles over 100,000 TEUs annually, making this incident potentially disruptive to global shipping.
Incoming Container Fee Disputes
The FMC is expecting a surge in container disputes due to the rerouting of shipments to other ports. Shippers that rely on the Port of Baltimore will soon have to pay extra to have their imports enter through different ports.
Baltimore Key Bridge Collapsed
Early Tuesday morning, the 1.6-mile-long Baltimore Key bridge collapsed into the Patapsco Rover. Around 1:30 am, a massive container ship crashed into one of the bridge’s support beams, causing