Analysts: Israeli railroad will relieve Suez
The Israeli Red-Med railroad that will be constructed over the next five years will become a competitor to the Suez Canal, though primarily in the regional and local container traffic, according to analysts.
BY LOUISE VOGDRUP-SCHMIDT
At the Panama Canal there is a railroad that covers the same stretch on land, and which handles the local container traffic - the traffic that container feeder carriers would otherwise handle, for instance. The same could happen with the new railroad link Israel plans to establish from the Red Sea to the Mediterranean. The railroad has already been named the Red-Med, and it could end up taking over part of the local container traffic in the region, Lars Jensen of SeaIntel and Jacob Guldager of Leth Agencies tell ShippingWatch.
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