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Egypt's Suez Canal open despite unrest

Egypt's Suez Canal open despite unrest
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Despite the ongoing social turmoil in Egypt, the crucially important Suez Canal has suffered remarkably little disruption, shipping sources say.

A rally by disgruntled Suez staff on Wednesday came as thousands of workers in firms owned by the Canal authorities went on strike over pay and conditions.

But a shortage of customs officers is apparently not hampering traffic.

“In fact, the Egyptian authorities have been very proactive,” said Wally Mandryk of Lloyd’s List.

“They have actually allowed shippers to take delivery of cargo without payment of customs dues, leaving that to a later date.”

One of the world’s busiest waterways, the Suez Canal is a vital source of foreign currency revenue for Egypt.

The consequences of it closure could be disastrous for the country’s economy, hence authorities’ efforts to ensure it can function as normally as possible.