Finance

Container blows up on freight ship at China's key Ningbo port

.A flying photo is revealing containers at Beilun Slot in Ningbo, Zhejiang district, China, on April 11, 2024. Nurphoto|Nurphoto|Getty ImagesBEIJING u00e2 $" A dangerous goods compartment burst Friday on a cargo ship in China's high-traffic Ningbo port, Taiwanese vessel proprietor Yang Ming Marine Transportation Corp. informed CNBC in a statement.No mishaps or even traumas were declared to day. The case occurred on the YM Flexibility ship and also resulted in a fire, which has actually been taken under control, the manager mentioned. All individuals on board were safely and securely evacuated.The Liberia-flagged ship had actually shown up in Ningbo after final phoning at Shanghai, according to MarineTraffic tracking information. State-owned port operator Ningbo-Zhoushan mentioned the ship was actually anchored at the Beilun 2 container terminal, according to a blog post on Chinese social media.The slot driver and also Yang Ming both stated the root cause of the case was certainly not yet clear.Yang Ming included that the manager of the items had declared it under completely dry, cold storage, without need for plugged-in electrical power, depending on to a CNBC interpretation of the Chinese-language statement.The incident did not instantly show up to significantly interfere with primary freight lines.Ningbo-Zhoushan is actually China's second-highest visitor traffic port, positioned in eastern China's Zhejiang district. Shanghai is actually the busiest slot worldwide, complied with through Singapore and afterwards Ningbo-Zhoushan, according to Lloyd's List.u00e2 $" CNBC's Ruxandra Iordache resulted in this document.