After years of tension, Turkey launched a diplomatic charm offensive in 2020 to mend ties with Gulf countries, namely the United Arab Emirates (UAE) and Saudi Arabia.
The alternative shipping route around South Africa's Cape of Good Hope can add 10-14 days to a journey compared to passage via the Red Sea and Suez Canal.
Taiwan's president says China must respect the outcome of its election, having repeatedly warned China is trying to interfere in the election.
Cancellations and rate increases are expected to continue into the first quarter, recommends customers book 4-6 weeks in advance to ensure space on vessels.
As a safety precaution, some vessels are attempting to mask their positions by pinging on other locations when entering the Yemen coastline, said senior freight analyst at Vortexa.
Haifa Port's October figures paint a picture of maritime sector leadership.
The true meaning of this project is to be in direct competition with the Chinese Belt and Road Initiative, a route modeled on the old Silk Road, connecting China and Europe through Central Asia.
The proposed plan would link India with Europe through rail, gas, and fiber optics lines that run through Israel and Saudi Arabia.
Autotalks, which makes dedicated chips used in the V2X communications technology sector for manned and driverless vehicles, would help Qualcomm expand its automotive-related business.
A traffic jam is building up in Black Sea ports as the Russia-Ukraine war begins to affect nearby trade routes.
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