Sanctions-busting forwarder jailed, while Europe 'ramps up the pressure'
An Israeli forwarder has been handed a two-year jail stretch for breaching US sanctions on ...
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For the first time in nearly 40 years, Turkey will increase the fees for ships transiting the Bosphorus on 7 October, by 500%, to $4/tonne.
This, however, is just the start of price hikes for vessels transiting the Turkish Straits. In June 2021, construction of the Istanbul Canal began. This controversial infrastructure project will create a man-made canal just west of the Bosphorus.
The canal will be 45 km in length, 360m wide, and 20.75m deep, creating a smooth navigable means to ...
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