IPFS News Link • Activism
Suez Canal Security On "High Alert" Amid Escalating Tensions
• zerohedge.comWhile unrest that toppled Hosni Mubarak, Mursi’s predecessor, failed to halt traffic last year, fewer vessels passed along the canal. An average of 1,435 ships a month used the link, the lowest figure since 2005. So far, traffic is "normal and has not faced any disruptions."
Via Bloomberg,
The canal handles about 8 percent of seaborne trade, according to Barclays. It carried about 4.5 percent of global trade in oil in 2011, the bank said.