Tianjin is the biggest automobile shipping port in China, which is used for shipping vehicles within the country, especially to northern parts of China. This is the biggest port in China, widely used for imports and exports. It is recorded that 40 percent of China’s imports are carried out through this port, which is the largest share. The explosion took place in Tianjin port is going to show a great impact on import operations. It is expected to show the impact on 30,000-60,000 imports of 1 million cars this year. It will take a couple of months for the port to return to normal state. The electronic supply chain is going to affect more as many of chemicals used for electronic production and stored components were burnt in the explosion due to which, industrial materials price will rise. Singamas Logistics Company (SLTC) which is the second largest container manufacturer in the world has its depot 800m near to the place where the blast took place. Another SLTC depot which is very close to the port got damaged badly.
As SLTC away from the blast area, it is expected to be unaffected by the blast announced by Hong Kong stock exchange. But it is still to be verified if it was affected or not as of now the area is prohibited. One of the employees belonging to SLTC is missing and the company is unable to contact him to know his condition. As of now some operations are going on as usual in Tianjin’s container terminals, there are some limitations. It is said by PSA International that operations are running smooth at its joint venture named as Tianjin Port Alliance International Container Terminal (TACT) and Tianjin Port Pacific International Container Terminal (TPCT). Although some terminals are unaffected, demand for air freights increased due to blast.