Atlas Copco, Suzano May Face Disruption From MSC’s Drug Bust — Panjiva


Atlas Copco, Suzano May Face Disruption From MSC’s Drug Bust

Ags - Forestry 108 Chile 67 Colombia 62 Corp - Shipping 696 Industrials - Capital Goods 349 Mode - Containerized 1124 Mode - Seaborne 1426 Peru 39 U.S. 3925

Container-line MSC has temporarily lost expedited customs accreditation from the U.S. government after $1.1 billion of cocaine was discovered on one of its vessels. That could result in disruptions for all MSC shipping until the accreditation returns due to extra inspections. MSC’s shipments from Central and Latin America, which may particularly affected, had already been in decline with an 8.2% year over year drop in the three months to May 31. Major users of the route include Atlas Copco, whose traffic already fell 43.0% and wood products traders UFP International and Suzano with volum...

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