UPDATED DETAILS REGARDING TIANJIN EXPLOSION

UPDATED DETAILS REGARDING TIANJIN EXPLOSION

In the 36 hours since last Alert, there have been many new details surfacing in the aftermath of the Tianjin explosion.  While there are many details that are still unknown, we would like to report to you what we do know at this time.

  • The blast took place at 11:30 p.m. (local time) on Wednesday evening in a warehouse owned by Rui Hai Logistics, which specializes in handling hazardous goods.
  • 56 casualties from the blast and more than 720 injured.
  • The cause of the explosion is still unknown but reports today indicate that the warehouse was storing ammonium nitrate, potassium nitrate and calcium carbide at the time of the blast.
  • There are some news reports indicating that up to 700 tonnes of sodium cyanide may have been stored at the site.
  • The Tinjin Port Shipping Center where customs clearance and CCIB inspections are processed was damaged. However, the Customs Bureau has set up a contingency office to cope with emergency customs declaration.
  • The MIQ Logistics office in Tianjin reported that as of 12:00 noon today, (local time) the customs bureau resumed 50% efficiency on export shipments.
  • All terminals but two have resumed port operations. The two terminals that have not resumed port operations are Cosco Pacific’s Wuzhou Five Continents International Container Terminal and Euroasia International Container Terminal.
  • There are unconfirmed reports that concerns over possible air pollutants near the Xingang area have affected deliveries for that region.
  • The port of Tianjin is the 10th largest port in the world by container volume.

IFC actively monitoring this event closing to determine any supply chain impacts and we will update you as information is confirmed.