(April 10, 2026)
Egypt and Panama charge fees to allow vessels to pass through Suez Canal and Panama Canal, respectively. This is because the international laws are different for straits and canals.
While straits occur naturally, canals are dug up manually. Hence, the countries controlling the canals take transit fee from vessels for allowing them to pass through.
(07.07.2019)
The Syrian government has two big oil-producing friends, Iran and Russia. With the routes from the first apparently closed, it may have to turn to the second. This presents a new host of potential risks. Impounding an Iranian ship in the Strait of Gibraltar is one thing. Stopping a Russian ship in the Aegean Sea is quite another.
Operation CALUMET is Canada‘s support to the Multinational Force and Observers (MFO). The MFO is an independent peacekeeping operation in the Sinai Peninsula. Canada has been in the MFO since September 1, 1985.
This new agreement with Suez Canal Authorities reflects Svitzer’s Staying Ahead and One Maersk strategies to strengthen the Global Ownership Advantage in a regional context, the company said.
Earlier, Indian Commerce and Industry Minister Suresh Prabhu called for the International North-South Transport Corridor (INSTC) to be put into operation „as early as possible.“ The INSTC‘s estimated operational capacity is up to 30 million metric tons of goods per year.
Trade between Russia and Egypt, which has increased in recent years, will soon receive yet another major boost: the two countries are preparing to sign a bilateral agreement on the creation of a Russian industrial zone in the Egyptian city of Port Said, located on the Suez Canal.