China’s Meishan terminal at Ningbo port resumes operations

HomeStock

China’s Meishan terminal at Ningbo port resumes operations


Adds particulars, background

BEIJING, Aug 25 (Reuters)Meishan terminal at China’s Ningbo port resumed operations on Wednesday after shutting down for 2 weeks attributable to a COVID-19 case, a port official mentioned at a press briefing.

The closure of the terminal has induced logjams at ports throughout China’s coastal areas and additional strained world provide chains amid a resurgence of client spending and a scarcity of container vessels.

Meishan terminal accounts for a couple of fifth of visitors on the Ningbo port, certainly one of China’s prime two container ports.

The reopening got here after a fourth spherical of mass COVID-19 testing within the Meishan district confirmed adverse outcomes, mentioned Jiang Yipeng, vice basic supervisor at Ningbo Zhoushan Port Co 601018.SS.

Jiang mentioned some container ships had been allowed to unload packing containers since Aug. 18 and a few container packing containers had been allowed to enter the port underneath strict COVID-19 measures since Aug. 20 in an effort to minimise provide chain impacts.

Some 68 container vessels had been queuing off Ningbo port on Friday, probably the most in at the least three years, regardless of efforts to divert cargos elsewhere, Refinitiv knowledge confirmed.

The quantity had fallen to 44 on Wednesday, however was nonetheless above common ranges of lower than 20 in 2020 and 2019.

Jiang mentioned the port deliberate to enact extra stringent COVID-19 management measures on worldwide crews.

“We require crews from worldwide vessels to not come out except vital, in any other case the port might terminate operations with the vessel and reject it to name at any terminal at Ningbo port sooner or later,” he mentioned.

(Reporting by Muyu Xu and Ryan Woo; enhancing by Richard Pullin)

(([email protected]; +86 10 56692117;))

The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.



www.nasdaq.com