Canal

The Corinth Canal will close for four months on November 4 to allow for work to continue on protecting its embankments from erosion, its operator has said.

"This closure is necessary to ensure the long-term safety and functionality of the canal. Based on the current project schedule, the works are expected to be completed by early March 2025," Corinth Canal SA said.

At this moment, the railway transport of goods is a fast and more reliable alternative to sea transport

The largest share of world trade is carried out by sea transport. It is this type of transport that has been subjected to a number of challenges since 2020 - the COVID-19 pandemic, the lack of equipment and the congestion of the Suez Canal.

Specialized crews of the Corinth Canal Company were demolishing unstable sections on the slopes of the Isthmus Canal over the weekend as part of a large-scale restoration work to make it safe for navigation again.

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.

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 ice-making process commenced in shallow ponds filled nightly from freshwater canals

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.

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.

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.

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.