The situation in Egypt

[Nadimos]

The reason the big ships go around africa, is because it is much more profitable. They would not really fit in suez as it is already maxed out. That is why they constructed the pipeline near it, that fullfills some of the needs for some of the countries, which are close to egypt, so they dont clog up the line aswell.

 

Now look at egypt. Well you have sand, some more sand and oh look also over there sand, sand, sand. I think this one actually has a more grainy texture to it, would you not say? But i think it is hard to market. And then they got the nile.

Edited February 15, 2011 by Nadimos

[HappyHerring]

The reason the big ships go around africa, is because it is much more profitable. They would not really fit in suez as it is already maxed out. That is why they constructed the pipeline near it, that fullfills some of the needs for some of the countries, which are close to egypt, so they dont clog up the line aswell.

 

Now look at egypt. Well you have sand, some more sand and oh look also over there sand, sand, sand. I think this one actually has a more grainy texture to it, would you not say? But i think it is hard to market. And then they got the nile.

 

Does not the point remain that risk reduces useage? Are not all international trading organisations as dependent upon insurance as upon import/export taxes, TRANSPORT costs etc. My point is that costs go up with time in transport and fuel/crew costs. The vessels which WOULD otherwise use the canal are less likely too are they not in future if there is a much more significant risk?

 

P,S, Kudos to the Egyptians for at last "freeing" themselves!

[Aurielius]

Does not the point remain that risk reduces useage? Are not all international trading organisations as dependent upon insurance as upon import/export taxes, TRANSPORT costs etc. My point is that costs go up with time in transport and fuel/crew costs. The vessels which WOULD otherwise use the canal are less likely too are they not in future if there is a much more significant risk?

@Happy Pig

The term that you are looking for is "War Risk Premium " which is currently levied in Shipping Charter agreements for the area preceding and following in the Suez Canal. In the last week or two it has moved steadily up. Fortunately for the both of us my wife is a Shipping Charter Broker and was able to answer the question for me. An example she gave is that a very small vessel (9000 tons deadweight) has currently added to it's shipping cost 25k for War Risk Assessment in the last week, this is a fraction of what maximum freight carriers would pay. Once the premium rises into the double digits major traffic is rerouted out of the area and around the Cape of Good Hope.

[Aurielius]

http://i897.photobucket.com/albums/ac177/Aurielius/demotivational-posters-artifact.jpg

 

Saw this and could not resist .....we are a gaming site after all

[ub3rman123]

So where are these protests going? After Mubarak stepped down, I've heard similar protests are erupting in nearby areas with similar governments.

[Harbringe]

So where are these protests going? After Mubarak stepped down, I've heard similar protests are erupting in nearby areas with similar governments.

 

Once Egypt had their revolution ,others are yet again being emboldened to try for their own change in government .To varying degrees it has become a general Middle East Uprising .Not that every government in the region is going to be overthrown but in someway they are going to have to placate the protesters demands or suppress them by brutal methods. As far as I know their have been running clashes between government forces and protesters in Yemen , Libya ,Iran and Iraq ,nonviolent protests have taken place in Bahrain ,Saudi Arabia , Algeria and Jordan . The ones that surprise me are Bahrain and Saudi Arabia usually these type things happen due to poverty as a root cause but these two are oil rich and yet it is still happening.How it turns out is still too early to tell ,but think we will be watching this for awhile and even if it stops, for the rest of the year it could flare up again.

[SpellAndShield]

So where are these protests going? After Mubarak stepped down, I've heard similar protests are erupting in nearby areas with similar governments.

 

Once Egypt had their revolution ,others are yet again being emboldened to try for their own change in government .To varying degrees it has become a general Middle East Uprising .Not that every government in the region is going to be overthrown but in someway they are going to have to placate the protesters demands or suppress them by brutal methods. As far as I know their have been running clashes between government forces and protesters in Yemen , Libya ,Iran and Iraq ,nonviolent protests have taken place in Bahrain ,Saudi Arabia , Algeria and Jordan . The ones that surprise me are Bahrain and Saudi Arabia usually these type things happen due to poverty as a root cause but these two are oil rich and yet it is still happening.How it turns out is still too early to tell ,but think we will be watching this for awhile and even if it stops, for the rest of the year it could flare up again.

 

My money is on a new dictator whom we will support for 'stabilising' reasons.

[JimboUK]

Bahrain has seen this before, the government there is quite used to dealing with it. The problem isn't poverty in Bahrain, it's the Shia majority being ruled by the Sunni minority, they even bring in foreign Sunni to fill important posts in the government and armed forces rather than let a Shia have the job.

[ginnyfizz]

And meanwhile, the delightful Ahmedinajad has sent two warships up the Suez Canal, just to stir the pot.

[IndorilTheGreat]

And meanwhile, the delightful Ahmedinajad has sent two warships up the Suez Canal, just to stir the pot.

 

To me, it almost seems like he is testing out the water (no pun intended).

 

Relations between Egypt and Iran are frosty at best. Let's just hope that no one decides to shatter those already brittle relations...