The Impact of the Strong Earthquake in Turkey on World Shipping

Turkey is located in a global shipping hub, straddling the Eurasian continent and connecting the Black Sea and the Mediterranean Sea. The Turkish Strait is also known as the "throat of the world" because of its unique and important geographical location.

What impact will this earthquake have on Turkey and the global shipping market?

The earthquake will affect Turkey's normal production and life, and the impact on Turkey's industrial chain and supply chain will exacerbate Turkey's currency depreciation and inflation." Relevant analysts pointed out in an interview with the media.

The analyst said that Turkey is located between the Black Sea and the Mediterranean Sea, and the Bosporus Strait in the middle is an important shipping lane for world freight. The earthquake will undoubtedly bring more uncertainty to the normal navigation of the Strait.

In his view, in the context of the Russia-Ukraine conflict, the Bosporus Strait close to Russia-Uzbekistan plays an important role in transporting food and delivering natural gas to Europe. The uncertainty faced by the Straits may affect the price trend of bulk commodities and the stable operation of the international industrial chain and supply chain.

SYMBOL SINK

About us, products, factories