A major explosion has occurred on a container ship while berthed at the port of Ningbo-Zhoushan in China in another incident that raises serious safety concerns, reports Xeneta.
Catastrophic Consequences
The explosion in Ningbo follows other major incidents in 2024, including the collapse of Baltimore Bridge in March after it was struck by a container ship and an electrical fire during its maiden voyage through the Arabian Sea last month which claimed the life of one crewmember.
Peter Sand, Xeneta Chief Analyst, said: “This type of incident should never happen and is another example of how one failure in ocean container shipping can have catastrophic consequences.”
“Had this explosion happened at sea rather than at berth in port then the crew and ship would have been in even more perilous danger.
“An investigation will take place and the industry must learn from it. Container ships are used to transport hazardous and potentially explosive cargo, so it is of paramount importance that robust safety measures are in place.”
Increased Cargo Inflow
Ningbo-Zhoushan is the second most important container shipping port in China behind Shanghai, handling more than 100,000 TEU (20ft equivalent shipping container) each day.
Xeneta data shows average spot rates on the major fronthaul trade from Ningbo to the US West Coast increased by 146% between 30 April and 1 July amid the impact of the ongoing conflict in the Red Sea region on container shipping.
Average spot rates on the trade to the US West Coast have since softened, falling by 18% to stand at USD 6510 per FEU (40ft shipping container) on 9 August.
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Source: Xeneta
