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Air strikes hit Iran's steel mills, raising production outage concerns
world14 days ago

Air strikes hit Iran's steel mills, raising production outage concerns

Two of Iran's largest steelmakers, Khouzestan Steel (KhSC) and Mobarakeh Steel (MSC), were hit by air strikes attributed to the U.S. and Israel, damaging storage silos and power infrastructure. Initial reports say blast furnaces 1 and 2 at KhSC were offline, while MSC suffered damage to a substation and power units. Production checks are ongoing with potential short-term outages, likely reducing Iran's billet and slab output and exports. The strikes follow a prior attack on Foolad Atieh, and Iran faces gas and power shortages, with officials signaling possible retaliatory actions against Gulf steel producers.

via Argus Media|
#air-strikes#iran#khsc
MSC hikes multiple surcharges across global routes into spring 2026
business1 month ago

MSC hikes multiple surcharges across global routes into spring 2026

MSC announced a wave of rate increases and surcharges across several routes effective mid-March to early April 2026, including new freight rates from Nhava Sheva (India) and Pakistan to Europe (e.g., $2,150 per TEU to Antwerp and $2,250 per TEU to Valencia), an Emergency Fuel Surcharge from Northern Europe to the Indian Subcontinent ($100 per TEU for dry, $150 per TEU for reefer), and a Peak Season Surcharge from Europe to Southern Africa effective April 2, 2026 ($125 per TEU to South Africa, $150 per TEU to Namibia, $250 per TEU to Mozambique; reefers to Namibia and Mozambique higher). Additional Emergency Fuel surcharges will apply on routes between Northern Europe and multiple destinations including Italy, Red Sea, East Africa, West Mediterranean, Adriatic, Australia and New Zealand, with rates varying by route and container type. The charges are in addition to existing bunker recovery charges, ETS fees and other applicable fees, and apply to freight-all-kind cargo excluding IMO and high-value commodities.

via Container News|
#business#container-shipping#europe
"Baltimore Bridge Collapse Fallout: MSC's Cargo Ship and the 1851 Law Complication"
business2 years ago

"Baltimore Bridge Collapse Fallout: MSC's Cargo Ship and the 1851 Law Complication"

MSC, the world's largest ocean carrier, has decided to terminate the delivery of diverted containers outside of the Port of Baltimore, placing the responsibility of cargo pick up and transport on the shipper due to the port's indefinite closure following a container ship accident and bridge collapse. Other major carriers have also announced similar moves, causing disruptions in the supply chain and logistics industry. The situation has prompted meetings with transportation officials and industry professionals to mitigate congestion and address potential supply chain impacts.

via CNBC|
#baltimore-port-crisis#business#container-shipping