NEWS

The Development Road Project: A New Trade Corridor from the Gulf to Turkey

Turkey and Iraq reached an agreement on the Ovakoy–Fishkhabour link of the Development Road. Minister Uraloglu said the aim is to break ground in 2026.

Panama Canal Eases After the Drought: 49-Foot Draft and 33 Daily Transits

With May–August rainfall 34% below average, the canal imposed restrictions. At the end of September the draft was raised to 49 feet; from 15 October daily capacity is 33 transits.

Turkish Straits Transit Fee 2026: $6.70 per Net Ton

The fee charged to ships passing the Turkish Straits without calling at a port rose to $6.70 per net ton on 1 July 2026. Between 1983 and 2022 it was $0.80.

Turkish Straits in H1 2026: 40,218 Ship Transits, Led by General Cargo Ships

In January–June 2026, 40,218 ships passed through the Turkish Straits: 19,277 through the Bosphorus and 20,941 through the Dardanelles. 13,127 were general cargo ships, 5,188 container ships.

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