Tianjin’s port operations are gradually getting back on track following the giant explosion that ripped through the area last Wednesday night. The 113 ships moored just outside the harbour this morning, according to Bloomberg data, are expected to thin out in the coming days.
German boxline Hapag-Lloyd has issued a latest update on the situation at the busy northern Chinese hub.
“As of today,” it reported, “terminal operations and custom procedures have resumed operations. However, all hazardous cargo handling and related activities are subject to the local authorities’ approval and further instructions.”
The line is taking no new hazardous bookings from and to Tianjin until further notice.
Tankers are still not allowed to call at the port.
With damage in the area expected to be as high as RMB10bn local insurance companies and the listed vehicles of Tianjin port suffered a beating on bourses around China today. Tianjin Port’s shares slid 9% in Hong Kong, while insurers such as Ping An, China Life Insurance and China Pacific Insurance all saw their share prices fall.