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November 25, 2015 / 13 Kislev, 5776
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Egypt Foils Attack on Suez Canal, Price of Crude Oil Soars

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Egypt foiled a terrorist attack on a ship in the Suez Canal on Saturday and has increased security to protect ships and oil tankers. Authorities did not reveal details of the attempted attack except to say it was flying under the Panama flag and was a container vessel.

“The attempt failed completely and there was no damage to the ship or the containers it carried. The situation was dealt with strictly by the armed forces,” said Suez Canal Authority director Mohab Memish

The expectation of an American attack on Syria  drove up the price of crude oil last week to $112 a barrel, the highest in five years, before it settled back to a nearly three-year high of $108.

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3 Responses to “Egypt Foils Attack on Suez Canal, Price of Crude Oil Soars”

  1. Yechiel Baum says:

    My fear of Israel ships passing the Suez and the high costs that Egypt charges for using the canal, maybe Israel should make its own canal and transshipments to avoid this security and cost impediment.

  2. Egypt army and the IDF should take care the Suez Canal.

  3. Fm: SeaBird-Marine Egypt.
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    Seabird-Marine offering the following services in your hands.
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    Technical Assistance
    • Freight Forwarder Agents (From / To, Egypt).

    Seabird provides a range of shipping and logistics services in Egypt, including Suez Canal transits.
    Seabird Egypt was set up in 2002 in preparation for the privatizations of shipping agency services in the country, which came into effect two years later. We are now a trusted provider of a range of shipping and logistics services, including specialized expert assistance for vessels transiting the Suez Canal.

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    From now on no additional charges will be issued.
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    Whenever You Have Any Vessel Calling Any of Egypt’s Ports Or.
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