9,224.84 TRY BIST 100 BIST 100
5.32 CNY CNY CNY
43.76 EUR EUR EUR
38.44 USD USD USD
0.12 CNY CNY/EUR CNY/EUR
46.98 TRY Interest Interest
63.56 USD Fossil Oil Fossil Oil
40.67 USD Silver Silver
4.76 USD Copper Copper
98.50 USD Iron Ore Iron Ore
325.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,094.11 TRY Gold (gr) Gold (gr)

The Moselle River accident and its effects: logistics, trade and scrap markets shaken

More than 70 ships are stranded in an accident on the Moselle River. All ships are expected to be evacuated by the end of the year.

The Moselle River accident and its effects: logistics, trade and scrap markets shaken

In an accident on the Moselle River in western Germany last week, a ship transporting scrap crashed into one of the crossings on the river, causing serious damage. This accident caused both major disruptions in the logistics sector and significant problems on international trade routes. The accident had a negative impact on river transportation, especially between Germany, France and Luxembourg.

Temporary solution and rescue of vessels

After the accident, the Muden lock, located in a critical area of the Moselle River, became unusable. Authorities developed a temporary locking plan to release some of the stranded vessels. Thanks to this temporary solution, the first ship was able to set sail again on Monday morning, December 16. However, it is stated that this solution is limited and full repairs can only be completed in the spring of 2025.

The Muden lock is a crucial transit point for ships carrying scrap metal, agricultural products and industrial freight. After the lock doors were damaged, ship traffic came to a complete halt and more than 70 ships were stranded along the river. Authorities plan to release five to six ships every day and aim to have all ships released by the end of the year.

Impacts on trade and scrap markets

The shutdown of the muden lock has caused major disruptions to steel mills and the scrap supply chain in Germany. Major companies such as ArcelorMittal Luxembourg and German steel producers such as Dillinger Huttenwerke and Saarstahl are experiencing difficulties in scrap deliveries due to increased logistics costs. These companies had to turn to alternative transportation methods due to the unavailability of barges.

Rising truck costs in the region have also made it difficult for suppliers in southwest and northwest Germany to ship material to Luxembourg. However, market experts expect scrap prices and the amount of scrap destined for exports to increase.

Impacts for France and Luxembourg

The accident also severely affected the connections of the Moselle River in western Germany to France. While the activities of important port cities such as Trier, Bernkastel-Kues and Cochem were disrupted, Schengen, one of the economic centers of Luxembourg, was also negatively affected. The Moselle River is a critical waterway that joins the Rhine at Koblenz and forms an important part of logistics activities in Europe.

Conclusion and prospects

The incident on the Moselle River has deeply affected the international logistics and trade network, with full repairs expected to take a very long time. While authorities have tried to mitigate logistics problems with temporary solutions, trade and industrial activities in Europe have been significantly affected by the disruption. 

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Investment opportunities in Tashkent

Wednesday, April 30, 2025

DNA PC Strand is the Silver Sponsor of Steel Summit 2025!

Wednesday, April 30, 2025

Türkiye's iron and steel export value increased by 18% in March

Wednesday, April 30, 2025

TUBACEX IBF Kazakhstan to build seamless pipe production plant in Kazakhstan

Wednesday, April 30, 2025

Saudi Arabia and Egypt deepen cooperation in steel production and exports

Wednesday, April 30, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now