Red Sea port calls plummet by 85% in 2024
NewsThe Red Sea region experienced an 85% drop in deep-sea port calls, from over 200 to under 40 per month, during January-June 2024.
Upgrade for Banias
Syria has drawn up plans to upgrade its Mediterranean port of Banias in an attempt to strengthen trade links with Europe. Syrian officials in Damascus confirmed the plans, but declined to clarify whether the refurbishment is intended to prepare the facility for possible future exports of Iraqi oil through Banias, which is linked through a pipeline to Iraq’s oilrich Kirkuk region.
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