Russia highlights Northern Sea route's potential after Suez Canal mishap

Moscow/Sputnik: The Northern Sea Route (NSR), which runs along Russia’s Arctic coast, dramatically slashes journey times for goods shipped from Asia to Europe and has a huge potential to ramp up cargo traffic, the Russian Ministry of Energy said on Monday after a stranded megaship caused almost a week-long shutdown of the Suez Canal.

Huge container ship blocks Egypt's Suez Canal after running aground

Cairo/UNI: Egypt's Suez Canal, one of the world's busiest trade routes found itself blocked on Tuesday, when a huge container ship ran aground.