Turkey will soon hold a tender for a huge canal on the edge of Istanbul and lay the groundwork for it in the summer, President Tayyip Erdogan said on Wednesday, advancing a project which has drawn criticism over its cost and environmental impact.
SHIPPING
![A cargo ship sails through the town of Ismailia, Egypt, on Tuesday, as traffic resumed through the Suez Canal after it was blocked by a massive ship that had been stuck sideways for nearly a week. [Ayman Aref/AP]](https://www.ekathimerini.com/wp-content/uploads/2021/04/Egypt_Suez_Canal_AP-320x200.jpg)
Turkey continues to threaten to depart from the 1936 Montreux Convention that governs free shipping through the Bosporus strait.
![[ΑΝΑ-ΜPA]](https://www.ekathimerini.com/wp-content/uploads/2021/03/limeniko-1-2-1-320x200.jpg)
Work to detach the Liberian-flagged freighter Kyveli from the Maltese-flagged freighter Afina I following their collision under unknown circumstances on February 13 was completed on Sunday.
Two freighters which had been stuck following their collision under unknown circumstances ten nautical miles west of the island of Kithira island, off southern Peloponnese, on February 13, were freed by Greek port authorities on Sunday.
At least 16 Greek-owned merchant ships are among the more than 320 stuck waiting on the Suez canal after a giant container vessel was grounded Tuesday, blocking the passage, Shipping Minister Ioannis Plakiotakis said Sunday.
The global market and the shipping industry have been bleeding cash since Tuesday, when the Ever Given containership ran aground in the Suez Canal.
Nearly 100 vessels were stuck late on Wednesday north and south of the Suez Canal in Egypt due to the grounding of a huge vessel inside the canal.
We spent months reviewing ship-tracking data, corporate records and satellite imagery to uncover one way North Korea evades strict international sanctions.
Capital Link has announced the launch of its new shipping website “The Knowledge Hub for Shipping” in partnership with major industry participants, with the intent to establish it as a source οf knowledge for the maritime industry.
US prosecutors charged 10 Iranian nationals on Friday over an alleged long-running scheme to dodge US sanctions on Tehran by disguising $300 million in transactions, including the purchase of two oil tankers.
“I started barefoot, I want to die barefoot.” These were the first words that 97-year-old Iakovos Tsounis said to me when I sat down in his office recently.
About a third of the roughly 150 ships owned by companies controlled by Singapore tycoon Lim Oon Kuin and his family (including Hin Leong) have been sold as part of efforts to repay billions of dollars of debt owed to creditors.
Capital Link’s 15th Annual International Shipping Forum will take place on Tuesday and Wednesday as a digital event, in partnership with Citi and in cooperation with the NYSE and Nasdaq.
Shipping & Island Policy Minister Yiannis Plakiotakis expressed his satisfaction after meeting late last week with seamen’s associations, who decided to call off their strike.
Seamen’s unions announced on Wednesday they were extending their 48-hour strike for another day to Thursday.
The Thessaloniki Port Authority (OLTH) is set to receive with two specially designed gantry cranes, costing 15.6 million euros, which will enable the northern Greek port to directly serve mainline ships with a capacity of more than 10,000 TEUs (New Panamax).
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