Suez update

However, the canal is currently not closed and the risk of this happening appears to be growing less with each day. The following report which will bring some comfort comes courtesy of Gulf Agency Company.

As the latest political developments unfold in Egypt, transits of the Suez Canal continue unaffected, and the daily curfew has been further relaxed (now in place from 2000 hours local time every evening until 06.00 hours the following morning).

Some delays and congestion of stacking areas may be experienced at container terminals, although import container consignees have started picking up shipments and custom clearance is working half-day at Alexandria port.