A fire has erupted in containers toppled at the Port of Iskenderun by the powerful earthquakes that rocked Turkey Monday .
More than 2,400 people are believed to have been killed after a magnitude 7.8 earthquake struck just before dawn on Monday in southern Turkey near the northern border of Syria. Hours later, a 7.5 magnitude aftershock was recorded.
Photos of the Port of Iskenderun, located on the Mediterranean Sea, show flames and smoke coming from toppled container stacks. Video shows firefighting efforts underway from the water.
Meanwhile, the Baku-Tbilisi-Ceyhan (BTC) terminal that exports Azeri crude oil be closed through February 8th while operators assess earthquake damage, a Turkish shipping agent said.
The U.S. Geological Survey said the earthquakes occurred near the East Anatolia fault in an area known to be seismically active.
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Iraq will raise shipments of a key crude grade next month, part of an enlarged export program indicating that the OPEC+ nation is boosting its oil production.
The European Union on Friday agreed an 18th package of sanctions against Russia over its war in Ukraine, including measures aimed at dealing further blows to the Russian oil and energy industry.
It was a relatively flat week for pricing on the major deepsea box shipping trades, with a scheduled mid-week general rate increase (GRI) failing to lift container spot rates on the headhaul eastbound transpacific route.
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