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China Port Explosion Snarls Trans-Pacific Container Trade

Summary by Zero Hedge
China Port Explosion Snarls Trans-Pacific Container Trade The closure of Ningbo Beilun’s Phase III Terminal is expected to have cascading effects on the main trans-Pacific trade lanes out of Asia, and the supply chain at large, in the midst of the peak shipping season. As Stuart Chris reports for FreightWaves, container traffic has been halted at Ningbo following a shipboard explosion involving hazardous materials at one of the world’s busiest i…
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