Seized Ship’s Cargo Reveals Impact of Iran Tensions
A helicopter hovers over MSC Aries near the Straight of Hormuz
Source: Mideast Defense Official/ Bloomberg
Shippers are starting to have to think about the freight routes they are booking, and how many vessels they’re going to be changing onto and where those trans-shipments are happening. This is a level of complexity that is a new layer for many shippers out there.
The MSC Aries wasn’t much different from the other 7,000 container ships plying the high seas, until it took an involuntary detour near the Strait of Hormuz into the hands of Iran’s Islamic Revolutionary Guard Corps. problems at New York Community Bancorp have reignited fears about commercial real estate across the globe.
Now the floating cog in the world’s industrial economy has become caught up in the tensions wracking the Middle East — and serves as an example of the pain global supply chains will feel if the disruptions worsen.
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