Simon Rose Interview on Shipping Through Suez Canal
There is much concern about the shipping of oil and other petroleum products on this body of water during the precarious situation in Cairo. Although 1 million people have walked the streets in protest of the current government, their impact on shipping is not considered a huge overall threat. Even though transportation on the canal is now blocked, the amount of crude and petroleum products affected is only 700,000 to 1,000,000 barrels per day. When comparing this number to the 20 million per day shipped throughout the Middle East, it puts things in perspective, making the situation seem less perilous. A chief executive of the shipping trade in the area, gives us the details in the link above.
On a personal note, I was shaken today when I read a message from dear friends who are performing opera in Cairo. They were blocked inside the airport as military personnel and tanks were guarding the strategic venue, while flights were delayed or canceled. Fortunately, they were able to find a flight to Athens Greece, where they are scheduled to perform another recital.