Which country proposes a new route for sea transportation to replace Suez Canal?

Russia
Russia, Iran propose alternative maritime routes amid Suez Canal blockage. Russia and Iran have called for the need to find alternative maritime shipping routes after a giant vessel was stuck in Egypt’s Suez Canal, blocking maritime traffic for days before it was freed.

Is Panama or Suez Canal more important?

Also both canals have impacts on the global economy. But the Panama Canal is more important than the Suez Canal because of the time consumed in its construction, having more difficulties during construction and the influences on the global economy.

Does Russia use the Suez Canal?

Russia has invested heavily in the Northern Sea Route, which cuts some 4,000 nautical miles off a trip between Europe and Asia via the Suez Canal. President Vladimir Putin decreed in 2018 that cargo moved along the NSR should rise to 80 million metric tons by 2024, up from about 11 million metric tons in 2017.

What are the alternatives to shipping products via the Suez Canal?

There are a few alternatives to shipping products via the Suez Canal. These include shipping products through the air via a cargo plane and using nearshoring instead of offshoring. Picking the best alternative for your situation should be a strategic decision based on your specific needs.

Is Eilat an alternative to the Suez Canal?

“The Egyptians see any alternative to the Suez Canal as damaging their national economic interests,” he said. Despite the experts’ skepticism, Eilat has begun in a small way to act as a Suez detour, which has aroused the ire of green groups and some government ministries.

Will the Suez Canal blockage affect other routes between Europe and Asia?

A giant container ship has been blocking the Suez Canal for several days, creating a traffic jam among liners passing through the region. Other routes, maritime or not, exist between Europe and Asia. Some can represent an economic gain at the expense of time. Even Smart Bison hadn’t seen it coming.

Can Israel create competition to the Suez Canal?

Eran also raised the political dimension of Israel’s creating competition to the Suez Canal. “The Egyptians see any alternative to the Suez Canal as damaging their national economic interests,” he said.