Free Trial

Turkey Keeps Dardanelles Strait Southbound Route Closed

FREIGHT

Turkey kept southbound shipping traffic through the Dardanelles Strait suspended for a second day because of wildfires in the area according to the Coastal Safety Directorate.

  • Authorities briefly allowed ships traveling south to pass through the narrow waterway until 3am local time on Thursday. The strait was opened to northbound ships at 11am and is expected to remain open until midnight, according to the Coastal Safety Directorate. The passageway remained closed for southbound ships.
  • Turkey closed the Dardanelles to ships on Wednesday to clear the area for some 38 planes and helicopters fighting nearby forest fires.
  • About 250 vessels were waiting to cross the Dardanelles and Bosphorus straits as of Thursday morning, according to Mustafa Can, chairman of transport company Transbosphor.
  • Black Sea freight rates have already moved up by about 10%, Can said by phone. “Two-way traffic should be allowed at night to decrease the number of waiting ships,” he said.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.