Listen to the complete feature According to Bloomberg calculations that use data from the Energy Department:
about 3.5 percent of global oil output moves through Egypt via the Suez Canal and the Suez-Mediterranean Pipeline with this as backdrop:
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Tim, can you walk us through whether over the last few days the Egyptian maritime infrastructure has faced any disruptions and the geographical importance of and the role played by the Suez Canal?
Alternative routes, at what cost (time, price, volumes feasible, fleet availability, congestion?)
Could this be hedged?
How have shipping related investments coped and how should investors be positioned to benefit or protect themselves against potential downside risks?
Can we draw on historical analogies of such events/outcomes?
What in your view are the other "challenges" on the route - e.g. piracy?