Trouble in Egypt Could Raise Shipping Costs Through Suez Canal

Image via Flickr by Official U.S. Navy Imagery

Supply chains dependent on shipping between Europe and Asia could see even higher costs in the coming months. The government in Cairo is seeking ways to increase revenues. Revenues have fallen recently due to a slump in Egypt’s tourist industry and other factors. As President Mohamed Mursi and officials seek a loan from the International Monetary Fund, they’re looking into raising surcharges to make up for the short-term loses.

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