Iran returns oil from tanker confiscated in January
The tanker was seized by armed men en route to Türkiye in January of this year. The vessel was carrying more than 140 thousand tons of oil.
Suez Canal
Danish Moller-Maersk to avoid Red Sea
Attacks on ships in the Red Sea forced the shipping company Moller-Maersk to divert all ships bypassing Africa
Tanker collision disrupts traffic at Suez Canal
Two tankers carrying oil products and liquefied natural gas collided in the Suez Canal, disrupting traffic through the global waterway, Egyptian …
Egypt discovers new oil field in Gulf of Suez
Egypt's petroleum ministry on August 22 announced a new oil discovery in the Geisum and Tawila West Concession in the Gulf of Suez. "The well was drilled from the recently installed GNN Early Production Facility …
Russia plans opening industrial zone in Suez Canal
Egyptian President Abdel Fattah al-Sisi on Sunday received visiting Russian Deputy Prime Minister and Minister of Industry and Trade Denis Manturov to discuss the project of a Russian industrial zone in the Suez Canal Economic Zone (SCZONE), as …
Suez Canal traffic ‘regular’ after bulk carrier suffers engine failure in waterway
Work is underway to tow the bulk carrier Glory after it suffered an engine failure in the Suez Canal Monday morning, the canal authority said. “The authority’s marine rescue team dealt professionally with a sudden …
Tanker refloated after running aground in Suez Canal
Tug boats refloated an oil tanker that was briefly stranded in Egypt's Suez Canal late on Wednesday due to a technical fault with its rudder, the Suez Canal Authority (SCA) said. The vessel, Affinity V, had been blocking the …
Japanese private sector can invest more in Egypt
Egyptian PM discusses bilateral relations with Japanese counterpart
Ankara condemns militant attack in Egypt
The Turkish Foreign Ministry condemned the militant attack that killed 11 soldiers in Egypt’s Sinai Peninsula. "We condemn the attack on a water pumping station east of the Suez Canal in Egypt on May 7, which killed 11 …
Ship stuck then refloated in Suez Canal, no impact on traffic - SCA
A bulk carrier briefly became stuck in the northern section of the Suez Canal on Thursday but was refloated and there was no impact on traffic, the Suez Canal Authority (SCA) said in a statement, Reuters reports. The …
Ship suffers engine trouble in Suez Canal, no impact on traffic - SCA
A container ship broke down in the Suez Canal on Friday but was refloated and repaired with no impact on traffic in the waterway, the Suez Canal Authority (SCA) said, Reuters reports. The 353-metre (1,158-foot) Maersk Emerald …
The ‘Zangezur Corridor’ is a geo-economic revolution
The South Caucasus region has the opportunity to become one of Eurasia’s most important transport corridors
Suez Canal Shutdown revealed the importance of the Middle Corridor
The main goal of this project is to increase the volume of freight transportation between East Asia, Central Asia, the Caspian and Black Sea basins and European countries
Where Northern Sea Route leads Russia
Russia defines the Northern Sea Route as a shipping lane from the Kara Sea to the Pacific Ocean, specifically running along the Russian Arctic coast from Kara Gates strait between the Barents Sea and the Kara Sea, along Siberia, to the Bering Strait. According to Eurasian Times, Moscow seems to be slowly and steadily playing its geopolitical game in the Arctic, by emphasizing the importance of the accessibility to Arctic ports and further developing the shipping lanes of the Northern Sea Route (NSR), connecting the Pacific and Atlantic.With the active support of China in this game, Russia is now wooing Japan and South Korea, with the obvious aim of weakening the US plans in the construct of the Indo-Pacific
Egypt confiscates Suez-blocking ship
An Egyptian court has ruled that the Ever Given container ship be seized until its owner pays $900 million to the Suez Canal Authority (SCA) in compensation for blocking the critical waterway for almost one week, the Shorouk News newspaper …
Trans-Caspian International Transport Route may become alternative to Suez Canal
The Trans-Caspian International Transport Route came in the spotlight after one of the world’s largest container ships, Ever Given, lodged in the Suez Canal, halting maritime traffic for a week and causing billions of dollars in losses, Caspian News writes. The Suez Canal connects the Mediterranean Sea to the Red Sea and provides the shortest sea link between Asia and Europe, with about 12 percent of total global trade moving through it
Another tanker briefly runs aground in Suez Canal
Another ship has briefly run aground in the Suez Canal, an informed source said. "Indeed, the ship ran aground a little, but the incident is over and the ship is already underway," the source said, adding that it would take …
Suez Canal reopens for traffic
Traffic has resumed in Egypt's Suez Canal after a stranded container ship blocking it for nearly a week was finally freed by salvage crews. Tug boats honked their horns in celebration as the 400m-long Ever Given was dislodged on …
Big changes underway in Middle East crude oil market
ADNOC is partnering with the Intercontinental Exchange in listing a physically delivered futures contract for its flagship Murban crude from March 29
Ever Given ship ‘partially refloated’ on full moon
The Ever Given container ship has been successfully refloated after being stranded in the Suez Canal for almost a week, authorities say, following an around-the-clock international effort to dislodge the massive vessel and reopen …
