Canal
Red Sea attacks, Ukraine war disrupt global trade: UN
The U.N. trade body has sounded an alarm that global trade is being disrupted by attacks in the Red Sea, the war in Ukraine, and low water levels in the Panama Canal.
Jan Hoffmann, a trade expert at UNCTAD, warned that shipping costs have already surged and energy and food costs are being affected, raising inflation risks.
Yemen Houthi rebels fire missile at US warship in Red Sea in first attack after American-led strikes
The Houthis have targeted that crucial corridor linking Asian and Mideast energy and cargo shipments to the Suez Canal onward to Europe over the Israel-Hamas war
The Yakhchal: Ancient ice-making machines in the desert (video)
The ice-making process commenced in shallow ponds filled nightly from freshwater canals
Avoiding Suez will have knock-on effect on costs, says official
Piraeus Chamber of Commerce and Industry President Vassilis Korkidis warned on Thursday that with 90% of world trade carried by sea, the effect on transit prices from the attacks on commercial ships passing through the Red Sea and the Suez Canal, not only on trade but also on fuel costs, is inevitable.
Panama Canal produced record revenue despite drought
The Panama Canal delivered $2.5 billion to the national treasury for last year's operations, the government has said, despite record-low water levels that limited ship transits.
About six percent of global maritime trade passes through the canal each year, and the Panama Canal Authority earns money from tolls and services rendered to ships.
8,200-year-old water channel discovered in Izmir
In the western province of İzmir's Yeşilova Mound, archaeologists have recently discovered one of the earliest water channels in human history, dating back 8,200 years.
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Panama Canal must 'adapt or die' as water levels drop
The Panama Canal, an engineering wonder allowing ships to travel between two oceans, is seeking to adapt to climate change after a biting drought has seen traffic and income dry up.
The canal relies on rainwater to move ships through a series of locks that function like water elevators, raising the vessels up and over the continent between the Atlantic and Pacific Oceans.
Corinth Canal preparing for summer opening
The iconic Corinth Canal is preparing to reopen for four months on June 1 after eight months of work. Corinth Canal SA (AEDIK) said the canal will be closed again at the end of September to allow work to continue on protecting the embankments from erosion.
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Corinth Canal to reopen for four months on June 1
The Corinth Canal will reopen to navigation on June 1 for four months, its operator has said.
The Corinth Canal company said that the final stages of restoration work on the canal will resume on October 1 and will continue until February 2024, when the waterway will return to normal 24-hour operation.
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Greek cargo ship that ran aground in the Suez Canal refloated
A Greek-owned cargo ship carrying corn that went aground early on Monday in the Suez Canal was refloated and traffic through the crucial waterway was restored, Egyptian authorities said.