Ningbo’s Meishan terminal partially reopens

25.08.2021

The blocked Meishan terminal in the major Chinese container port of Ningbo appears to have partly been reinstated, with new arrivals of three containerships last weekend.

The 14,354 teu Taurus, operated by Evergreen on the Asia-Europe trade, entered the terminal on 21 August, according to Lloyd’s List Intelligence, along with the 11,923 teu Kota Pahlawan and 3,560 teu Kota Machan, both run by Pacific International Lines on Asia-America trade. The three vessels had been waiting in the anchorage for up to nine days following the closure of the terminal before docking over the weekend.

The development comes after two large boxships — 22,000 teu CMA CGM Rivoli and 8,633 teu CMA CGM Samson — left Meishan over the weekend after being at berth for more 10 days due to the coronavirus-led closure of the facility.

No official announcement has yet been made as to when the terminal will reopen, although talks have been circulated in the market that local authorities plan to fully restore its operations on 1 September. The shutdown of the Meishan terminal, which normally handles around 30% of containers at the world’s third-busiest container port, has forced carriers to reroute vessels and led to schedule delays, container and vessel back-ups, and further port congestion.

Analytics on topic
Report
11.12.2020
Report
11.12.2020
EU-China Trade and Investment Relations in Challenging Times
Trade continues to be the least problematic aspect of the EU-China economic relationship. The BRI offers potential trade gains for Europe by improving physical connectivity with countries along the route to China, but it also poses challenges for the EU. While Chinese investment in Europe is growing and has focused strongly on technology, it raises the question of whether the EU should fear losing its technological edge, especially when Chinese state-owned companies might distort competition through foreign acquisitions.
Source: European Parliament
Article
30.08.2024
China’s trade challenges

The trade relationship between China and the US has been deteriorating, a trend that began during the Trump administration and has continued under Biden. While the EU has been more cautious in its approach, its patience with China’s trade practices is wearing thin, leading to potential further strain in the trade relationship between China and the West.

Source: Rabobank