Shipping Firms Brace for Suez Disruption as Egypt Turmoil Mounts

Growing turmoil in Egypt is threatening to disrupt shipments through the Suez Canal and increase the costs for shipping lines as Cairo’s cash-strapped government seeks ways of bringing in revenue.
Egypt’s economy has been in crisis since the 2011 overthrow of Hosni Mubarak. The government of Islamist President Mohamed Morsi is grappling with a slump in tourism and falling foreign currency reserves as it seeks to obtain a loan from the International Monetary Fund.
“The …

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