With the rise of Houthi attacks in the Red Sea and a litany of international sanctions levied against Russia, the most popular global shipping routes have become increasingly unreliable. Some companies are avoiding the Suez route altogether, preferring to go around the Cape of Good Hope in South Africa. In Russia, westbound cargo throughput along … Read more
Advertisement On August 6, Ukraine published a coastal notification, declaring the waters of six Russian ports on the Black Sea – Anapa, Novorossiysk, Gelendzhik, Tuapse, Sochi, and Taman – as a zone of “military threat.” This happened in response to Russia’s exit last month from a deal that had allowed safe export of Ukrainian grain. … Read more
Advertisement Kazakhstan is betting heavily on the Trans-Caspian International Transport Route (TITR), or Middle Corridor, as an alternative to reach European and international markets and bypass Russia. Many factors need to be considered to understand whether the corridor will boom in the short or long term; one vital topic is the future of Kazakhstani ports. … Read more