March 19 - Drewry's latest Container Insight Weekly contains a good article which asks 'What if the Suez Canal was shut?'
All eyes are currently watching the deteriorating political situation in Egypt. Last week's civil riots in Port Said were, arguably, too close for comfort for those dependent on the Suez Canal. Although the arterial trade route is unlikely to close, the possibility cannot be ignored.
According to Drewry's calculations, there is enough spare vessel capacity to absorb most of the shock of sailing from the Far East to Europe via the Cape of Good Hope simply by increasing vessel speeds, which means that closure of the Suez Canal tomorrow would not be a train smash.
To read the full article, go to the following link: http://tinyurl.com/d8lnszo