The attention of the world has been fixed on Egypt, where more than a week protesters and counter-protesters have been battling over the country’s future. Amidst the worries over the safety of the people on the ground and the priceless antiquities housed in the nation’s museums, there’s been a steadily growing chorus of concern: what impact will the upheaval in Egypt have on international shipping.
The Suez Canal, located in Egypt, plays a critical role in the world’s shipping industry. More than 35,000 ships pass through the Suez; an estimated 10% of those are oil tankers. Freight going through the canal has thus far been unaffected. US officials, along with officials from every other potentially affected country, are watching developments closely.
Boston: International Shipping
If you have shipments in transit that you’re concerned may have been impacted by events in Egypt, contact your Boston packaging and shipping company. They’ll have access to the latest information regarding your international shipment. Thus far, there have been no reports to cause concern. Egyptian troops have been protecting the canal throughout the upheaval.
Be that as it may, concern has been expressed that if the upheaval affects the operation of the Suez, oil prices could rise significantly. This has caused oil prices to jump dramatically; the impact on international shipping has yet to be determined. The cost of fuel is a significant part of shipping costs, for organizations of all sizes.
Shipping internationally means knowing the best way to route cargo, what transport options are available, and navigating the sometimes turbulent circumstances of an ever changing geo-political environment. That’s why it is essential to work with an experienced shipping company, well familiar with the nuances of international shipping.
The world hopes for peace in Egypt and no interruption to the operation of the Suez canal. Talk with your Boston packaging and shipping company about the best way to send your next international shipment.