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Suez Canal

Opinion | How the Trans-Caspian Middle Corridor can help revive Asia-Europe trade

by Walter Watson
Opinion | How the Trans-Caspian Middle Corridor can help revive Asia-Europe trade

In 2022, over 23 million tonnes of goods were transported via rail between Kazakhstan and China, a figure that has since increased by 22 per cent. This shows the importance …

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Opinion | How Egypt became an essential destination for Chinese investment

by Walter Watson
Opinion | How Egypt became an essential destination for Chinese investment

China’s policy of strengthening relations with countries in the Global South has accelerated in recent years, and this can be seen in its development of wide-ranging ties with Egypt. Under …

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US, Vietnam fear China-backed Techo Funan Canal in Cambodia could be used for military purposes

by Walter Watson
US, Vietnam fear China-backed Techo Funan Canal in Cambodia could be used for military purposes

“The Cambodian people – along with people in neighbouring countries and the broader region – would benefit from transparency on any major undertaking with potential implications for regional water management, …

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Trade leaders urge governments around world to join Red Sea defense

by Walter Watson
Trade leaders urge governments around world to join Red Sea defense

A ship transits the Suez Canal towards the Red Sea on January 10, 2024 in Ismailia, Egypt. Sayed Hassan | Getty Images Trade associations representing sectors across the global economy …

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Opinion | Houthi Red Sea crisis serves China’s main goal: undermining the US

by Walter Watson
Opinion | Houthi Red Sea crisis serves China’s main goal: undermining the US

Chinese policy in the Middle East is shaped by two factors: China’s threat perceptions and its strategic calculus regarding its great-power competition with the United States. And when it comes …

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Red Sea attacks spur global oil buyers to go local amid balance between security and profits

by Ron Morgan
Red Sea attacks spur global oil buyers to go local amid balance between security and profits

The global oil market is looking increasingly local as militant attacks in the Red Sea and surging freight rates make supplies from closer to home more attractive. A slump in …

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Over 40% drop in Suez Canal traffic following Houthi attacks: UN

by Ron Morgan
Over 40% drop in Suez Canal traffic following Houthi attacks: UN

Taipei: The traffic volume of the Suez Canal dropped by more than 40 per cent as Yemen rebels repeatedly attacked merchant ships. According to United Nations data, the Yemen rebels’ …

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Chinese plastic makers’ bets on cheap US gas are foiled by disruptions at Panama and Suez

by Anas Siddiqui
Chinese plastic makers’ bets on cheap US gas are foiled by disruptions at Panama and Suez

The Chinese petrochemical sector’s bet on profiting from a steady supply of cheap US gas to make plastics is quickly going awry, as twin choke-points for shipping upend trade flows …

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Red Sea risks could push oil prices up as Asia feels pinch of cargo delays, rising costs

by Walter Watson
Red Sea risks could push oil prices up as Asia feels pinch of cargo delays, rising costs

The attack followed a warning by the Houthis of a “strong and effective response” after the United States carried out a strike. US-UK attacks on Houthis raise war stakes in …

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Global shipping rates set to surge as carriers avoid Red Sea

by Anas Siddiqui
Global shipping rates set to surge as carriers avoid Red Sea

The global supply chain is feeling the fallout from Iran-backed Houthi rebels attacking vessels in the Red Sea. Freight prices are set to jump Monday, while longer transit times around …

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