Suez Canal shutdown – heavy blow to the shipping industry

A potential Suez Canal shutdown, caused by the civil unrest in Egypt, would have a severe impact on the container shipping industry, according to the shipping analysis company Alphaliner. A closure is highly unlikely as the traffic through Suez generates badly needed money for the Egypt public treasury. But what if a shutdown becomes a reality? How much would it cost the shipping industry, and the container shipping industry in particular? The quick answer is a considerable amount of money.
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Source: Shipgaz