Suez Canal remains open, state offices are down

By Finance

 45 vessels passed through the Suez Canal on July 4, according to the statistics of the Suez Canal Authority. Many transport auxiliary services and related government offices were shut down because of the current political situation in Egypt.

Philidelphia-based logistics provided BDP International informed that its Egyptian partner Sea & Air International Shipping and Forwarding was forced to stop working since June 30. Also transportation authorities and government ministries, have been shut down since July 3

The Suez Canal is important not only for the Egypt economy but the whole maritime world. Suez Canal Authority chief Mohab Mohamed Hussien Mameesh announced that the navigation was normal on July 3 with the passage of the 11,000-TEU Eugen Maersk was the largest northbound ship and the 130,059 dwt LNG carrier Unn Slal was the largest southbound.

There are rumors that the Suez Canal situation will make oil prices higher. Oil maritime traffic is using the canal to make a connection between Europe and Asia and from Asia to the East Coast of US.