After The Suez Canal, Is The Panama Canal Next?
After the Suez Canal incident, the Panama Canal is facing a similar situation, with ships now paying tolls almost eight times higher due to drought. On a recent day, more than fifty ships—from cargo ships loaded with food to tankers transporting propane—were waiting to pass through the Panama Canal. Longer wait times are the result […]
India-Iran-Russia North-South Trade Corridor An Alternative To Suez Canal
During the weekend when Iran signed a 25 years infrastructure and investment agreement with China, Iran’s ambassador declared that the new North-South Trade Corridor across the region could become a prime ‘alternative’ to the strategic Suez Canal waterway. Suez Canal was recently in news as one of the biggest cargo ships ‘Ever Given’ had got stuck and blocked the canal.