Weakened but still powerful Typhoon Kraton hit southwestern Taiwan on Thursday, Oct. 3, causing hundreds of flights to be canceled and financial markets to close for the second straight day. Two people were killed as a result of the disaster.

Transportation and economic impacts of Typhoon Kraton:

The storm caused many flights to stop: all domestic flights were canceled for a second day, as well as 242 international flights. The high-speed railroad between north and south Taiwan suspended operations

Translated with DeepL.com (free version)

Ningbo-Zhoushan Port plans to establish a new terminal with a capacity of 2 million TEUs in the Fodu zone of the Liuheng port area.

According to DynaLiners, the new terminal is expected to include two berths capable of accommodating vessels of 24,000 TEUs, with the potential for future expansion to handle ships of up to 32,000 TEUs.

The construction works are scheduled to commence in October 2025 and the project is anticipated to be completed before the end of 2027.

On 16 September, an MSC feeder boxship, the 1,730 TEU MSC Riona, was involved in an accident at Yantian Port in southern China, resulting in part of a ship-to-shore crane collapsing onto the vessel.

As a result, a number of boxes from the ship fell into the sea, according to local sources.

MSC Riona was built in 1998 and was deployed on an intra-Asia service.

The accident occurred around 8:40 am, causing the suspension of operations at berth two of the Shenzhen port. At the time of writing, no injuries have been reported.

Terminals in Hong Kong and southern China have stopped handling containers for today (5 September) as Super Typhoon Yagi approaches.

Hong Kong Observatory has issued the No. 8 signal today and this is expected to be in place until 6 September. The observatory has determined Yagi to be a mature storm. Consequently, schools have been ordered to shut and outdoor activities are discouraged. Several domestic ferry services have also been suspended.

Yagi, the Japanese word for goat and Capricorn, is set to move 300km (186 miles) to the southwest of Hong Kong tonight and tomorrow morning.

The observatory said: “Gales associated with Yagi are set to edge closer to the Pearl River Estuary later today. Local winds will strengthen further and weather will deteriorate.”

Yantian International Container Terminal said in a WeChat notification that handling of empty containers stopped at 3am local time today, although loaded containers will still be accepted.

Hong Kong Container Terminals 4, 6, and 7, as well as COSCO-HIT Terminal and Asia Container Terminals, stopped all container deliveries at 12:00 noon local time today.

China's logistics sector reported growth in August this year, driven by rising logistics demand. This was revealed by data released by the China Federation of Logistics and Purchasing on Monday.

According to its data, an index tracking business activity in China's logistics market stood at 51.5 percent in August, up 0.5 pct from a month earlier. Meanwhile, the warehousing index stood at 50.2 percent, up 3.7 p.p. from July.

According to He Hui, chief economist of the aforementioned federation, due to the gradual implementation of various policies to boost investment and stabilize economic growth, the integration of activities in both upstream and downstream of the country's manufacturing and supply chain is accelerating, which has led to an increase in the indicators of total business volume.

In August this year, the total business volume sub-index rose 0.5 pp to 51.5 percent, while the new orders sub-index rose 0.6 pp to 51.8 percent. Notably, the business expectations subindex rose to 56.3 percent.