Egypt said on Tuesday it plans to build a new Suez Canal alongside the existing 145-year-old historic waterway in a multibillion-dollar project to expand trade along the fastest shipping route between Europe and Asia.
The latest issue of Drewry's Container Insight Weekly includes an analysis of how a Suez Canal closure would affect the container industry. Were social unrest in Egypt to disrupt shipping through the waterway, Drewry's concludes that there are enough vessels to move goods around Africa.
