The authorities of unrest-stricken Egypt have come to a decision to increase the Suez Canal toll. The response of the shipping community was contradictory – some announced a possible redirection of vessels to the route via the Cape of Good Hope, others think there is no alternative to the Canal anyway. Russia may turn it to her advantage if she ensures economically attractive conditions for the use of the Northern Sea Route.
2013 February 14
Good Hope for Suez Canal
The authorities of unrest-stricken Egypt have come to a decision to increase the Suez Canal toll. The response of the shipping community was contradictory – some announced a possible redirection of vessels to the route via the Cape of Good Hope, others think there is no alternative to the Canal anyway. Russia may turn it to her advantage if she ensures economically attractive conditions for the use of the Northern Sea Route.