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 …
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 …
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 South Caucasus region has the opportunity to become one of Eurasia’s most important transport corridors
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
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
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 …
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 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 …
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 …
ADNOC is partnering with the Intercontinental Exchange in listing a physically delivered futures contract for its flagship Murban crude from March 29
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 …
A giant container ship remains stuck across Egypt's Suez Canal after attempts to dislodge it on Saturday's high tide failed, BBC reports. Canal officials said however that some progress had been made, and that they hoped the …
Experts working to free a cargo ship - which has been jammed in the Suez Canal for five days - have managed to budge its stern and get its rudder and propeller to work again, Sky News informs. Some 9,000 tonnes of ballast water were removed from …
The Suez Canal has played a major role in world affairs for many decades now. Ownership of the canal has been an important symbol of sovereignty for Egyptians since it was first nationalised by President Gamal Abdel Nasser in 1956, while the …
The trade of at least $400 million of crude oil as well as liquefied natural gas (LNG), refined fuels and containers full of goods have come to a standstill in one of the world’s key shipping routes, with millions of dollars more at risk …
Strategic consequences of Russia’s economic presence
