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Suez Canal Security On "High Alert" Amid Escalating Tensions

Tyler Durden's picture




 

The chairman of the Suez Canal Authority is coordinating a "high alert" military response as protests escalate against President Morsi. The army and navy stepped up patrols of the 190-kilometer (118-mile) canal linking the Red and Mediterranean seas about a week ago, he said. "Closing the canal outright would be very difficult without the support of the military," Barclays notes as the army and navy steps up patrols of the 190km canal.

While unrest that toppled Hosni Mubarak, Mursi’s predecessor, failed to halt traffic last year, fewer vessels passed along the canal. An average of 1,435 ships a month used the link, the lowest figure since 2005. So far, traffic is "normal and has not faced any disruptions."

Via Bloomberg,

The canal handles about 8 percent of seaborne trade, according to Barclays. It carried about 4.5 percent of global trade in oil in 2011, the bank said. The waterway also carries about 14 percent of liquefied natural gas cargoes, the note showed.

 

About 800,000 barrels of crude and 1.4 million barrels of refined fuels passed along the canal daily in 2011, the bank said, citing data from the U.S. Energy Department. An adjacent pipeline carried an additional 1.7 million barrels a day, it said.

 

The canal was shut for several months during the Suez Crisis, when the U.K., France and Israel invaded Egypt in 1956 in an effort to prevent the link from being nationalized. The waterway closed for eight years a decade later, forcing oil tankers to head around South Africa to deliver cargoes.

And perhaps just as important, Haaretz reports that Israel agrees to Egypt troop movements in Sinai.

Egypt is believed to have moved several dozen armored vehicles to the volatile border; Muslim Brotherhood calls supporters to take to the streets.

 

Israel's military said Tuesday that Egypt has moved forces into the border area near the Gaza Strip in coordination with Israel.

 

With unrest sweeping the country, Egypt is believed to have moved several dozen armored vehicles to the volatile border area to contain militant activity. The Israeli military gave no details.

 

Under a 1979 peace treaty, Egypt is required to coordinate any special military activity in the area with Israel.

 

In a statement Tuesday, the Israeli army said "the Egyptian military activity in Sinai is coordinated with Israeli security elements and authorized at the most senior levels in Israel, to contend with security threats in Sinai that pose a threat to both Israel and Egypt."

Morsi's fate may now be sealed.

 

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Tue, 07/02/2013 - 12:18 | 3714255 shankster
shankster's picture

Anyone else feel like something's going to happen soon?

Tue, 07/02/2013 - 12:23 | 3714275 YuropeanImbecille
YuropeanImbecille's picture

NO, all is good. And even if something would happen, seriously who gives a shit? Egypt has no oil anymore so we don't give a F about them.

Only ones interested in Egypt are the israelis.

Tue, 07/02/2013 - 12:23 | 3714276 lakecity55
lakecity55's picture

We are overdue for another false flag attack.

Tue, 07/02/2013 - 12:27 | 3714283 francis_sawyer
francis_sawyer's picture

- Only ones interested in Egypt are the israelis.

- We are overdue for another false flag attack.

~~~

ummmm... [unlucky in Syria]?...

Tue, 07/02/2013 - 12:32 | 3714303 Xibalba
Xibalba's picture

White House Down and Olympus has Fallen were propaganda duds.  Gotta giove the 'Patriot' terrorists something to cheer about for the 4th. 

Tue, 07/02/2013 - 12:36 | 3714322 francis_sawyer
francis_sawyer's picture

When you drag a bitch down the hallway & all she can think to do is recite the 'Pledge of Allegiance', you've pretty Evel Knieveled ALL the sharks that ever were...

Tue, 07/02/2013 - 13:00 | 3714383 Xibalba
Xibalba's picture

I laughed my ass off! I was rooting for the Koreans the whole time.  

Tue, 07/02/2013 - 13:16 | 3714440 knukles
knukles's picture

What are we doing over there?
Why hasn't anybody else except me figured out that we, like the rest of the world could just go home, leave everybody else alone and buy our oil from people who want to sell it?
Why all the fucking about?

Somebody's acting crazy...

Tue, 07/02/2013 - 13:20 | 3714448 Flakmeister
Flakmeister's picture

And what are we going to buy the oil with?

Inquiring minds are anxious to know...

Tue, 07/02/2013 - 13:21 | 3714454 Dr. Engali
Dr. Engali's picture

Good luck buying oil without the miltary backed petro dollar.

Tue, 07/02/2013 - 16:16 | 3715101 BLOTTO
BLOTTO's picture

Interesting that ancient Egyptians sat on all that oil 5,000 years ago...and didnt use a single drop.

Tue, 07/02/2013 - 17:20 | 3715299 Flakmeister
Flakmeister's picture

Pray tell, how would they have drilled down ~8,000 ft to get it?

I'll put aside the evidence for seeps in the Sinai and the observation of "Burning Bushes" associated with these seeps...

Tue, 07/02/2013 - 13:20 | 3714449 Dr. Engali
Dr. Engali's picture

I've always been a fan of Awful Knofel:

 

http://www.youtube.com/watch?v=cy8ZdhgfjJI

Tue, 07/02/2013 - 15:02 | 3714823 MiltonFriedmans...
MiltonFriedmansNightmare's picture

Could it be that a family by the name of Rothschild has a rather keen interest in the Suez Canal? Just askin.....

Wed, 07/03/2013 - 15:15 | 3719153 earleflorida
earleflorida's picture

when the suez canal was first constructed, the egyptian port authority went bankrupt or bust because of mismanagement, and lack of financier's. so who came to the rescue? the mighty rothschild's of course! they helped finance the britains war against napoleon in the 19th c. and subsequently went on to raise funds [bond offering] for a loan allowing the british gov't to buy the suez canal [long term contract over and beyond 100 yr's outright]... but, allowing the egyptian port authority their share of a limited soverignty. [insert laughter here] :-))

it was general Gamel Abdel Nasser that was a fly-in-their oinment,... but most importantly hated by the 'muslim brotherhood that tried several times to assassinate him!    http://en.wikipedia.org/wiki/Gamal_Abdel_Nasser

Ps. a day late, but couldn't help but contribute some history about the Rothschild's and the Rockefeller's partnerships that soon were to 'darwin'!

Tue, 07/02/2013 - 12:43 | 3714343 Race Car Driver
Race Car Driver's picture

> ummmm... [unlucky in Syria]?...

How about Houston? How about Detroit? How about Pittsburg, PA?

Tue, 07/02/2013 - 13:15 | 3714421 francis_sawyer
francis_sawyer's picture

I got some peanut butter... 2 last a coupla a days... [u can always count on the 'Heebie Jeebies' to be around though]...

~~~

http://www.youtube.com/watch?v=xzORu1dqEE0

Tue, 07/02/2013 - 13:46 | 3714444 Randall Cabot
Randall Cabot's picture

Well let's see, lately they tried to freak out the couch potatoes by pretending to slaughter children at Sandy Hook. Then they tried to freak out the couch potatoes further by pretending that bombs blew off the legs of numerous people in Boston. So if we try to think like supremacists then the next false flag should be something that continues that theme, something that will freak out the couch potatoes to an even greater degree.

Tue, 07/02/2013 - 12:42 | 3714342 de3de8
de3de8's picture

Boy does that carrier look like a sitting duck

Tue, 07/02/2013 - 13:38 | 3714520 roadhazard
roadhazard's picture

All navy ships are sitting ducks in the 21st century. They are around only to project power. The glass jaw of the military, anybodies military.

Tue, 07/02/2013 - 17:15 | 3715273 climber
climber's picture

I'll agree with you on the topic of aircraft carriers. But super quiet submarines with the firepower to level multiple cities are still pretty imposing. 

 

Tue, 07/02/2013 - 14:33 | 3714677 Taint Boil
Taint Boil's picture

 

 

Imagine a bunch of suicidal homing pigeons landing on that sucker. I imagine the ROI is quite low compared to the cost of a carrier. But seriously I imagine there are many creative ways to take out a carrier and I can see everyone’s jaw dropping to the floor when / if it happens. We aren’t the only ones with high tech gadgets and I assume there has been a lot of thought put into it – it would be a huge psychological blow to the USA.   

Tue, 07/02/2013 - 12:49 | 3714358 CPL
CPL's picture

Soon?  It already happened.  Started years ago.  Like the wind and water wear away a cliff over time, the process is similar.

Tue, 07/02/2013 - 14:35 | 3714680 Son of Loki
Son of Loki's picture

No. Everything is fine. The 40% plunge in AAPL....20% plunge in Blueberry....16% tumble in Oracle...and so on....merely flesh wounds....just a bump in the road.....

 

Tue, 07/02/2013 - 12:20 | 3714261 slaughterer
slaughterer's picture

 “There are no signs that the Egyptian armed forces, which have given the Mursi government 48 hours to resolve the crisis, have any intention of taking such drastic action (of closing the Suez canal).”

 

Tue, 07/02/2013 - 12:23 | 3714273 FieldingMellish
FieldingMellish's picture

Considering that the military controls an estimated 40% of the Egyptian economy, they won't take the decision to lose the canal lightly.

Tue, 07/02/2013 - 12:38 | 3714333 SpiceMustFlow
SpiceMustFlow's picture

exactly

Tue, 07/02/2013 - 12:45 | 3714349 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

The spice must flow. The Egyptian army will see to that regardless of what horse they back politically. The Israelis know it also and that is why this operation won't be an issue politically for either side since involves keeping shipping routes open for global commerce.

Tue, 07/02/2013 - 12:25 | 3714278 AssFire
AssFire's picture

It is all about taking moar and moar from the populace whether in taxes, inflation or in this case elevated energy costs.

Tue, 07/02/2013 - 12:24 | 3714279 Headbanger
Headbanger's picture

Yeah but can the Suez Canal be hacked!?

Tue, 07/02/2013 - 12:27 | 3714291 Inthemix96
Inthemix96's picture

Somethings coming down the pike folks.

My spidee sense is positivley fucking tingling.

We are watching you back NSA, GCHQ, tread fucking carefully here boys.

Tue, 07/02/2013 - 12:52 | 3714362 reload
reload's picture

Certainly feels that way, but to me, it has for some time.

Meanwhile two Extreme Muslim groups with Jihad and al qaeda support have formed an Islamic and sharia state in Mali.

So what exactly were US, French and UK boots doing on the ground there? seriously, were they not meant to be protecting the population from this bullshit? or did they just go over there to make sure power was taken with minimal disruption to wealth extraction and mineral rights holdings?

Tue, 07/02/2013 - 13:15 | 3714434 Inthemix96
Inthemix96's picture

At this point mate, its all fabrication and lies.

Doesnt matter what you or I think, as Snowden has proven beyond doubt these fuckers are beyond not just state, local, federal, country wide, or even world wide law??  If its a straight up job being portrayed here, and I doubt it.

These is waters we have never sailed.  Its going to be down to us mate.

Lakecity55 has said this before me, its getting time to get your house in order, and ready to rumble mate.

I wish you all well.  it didnt have to be this way, but unfortunatley for us fuckers, thats the way the wind blows.

Lets keep a toot on the outcome here, we know we didnt cause this, and help them no matter how bad they have it through no fault of their own.  Dont mix up the fuckers who caused this with them that didnt, rest assured 96 wont.

Tue, 07/02/2013 - 13:18 | 3714446 knukles
knukles's picture

Can I just be left alone in peace, please?
Is that asking too fucking much?

Tue, 07/02/2013 - 13:42 | 3714532 Inthemix96
Inthemix96's picture

Here knukles.

In an ideal world mate, thats all of us.

Sadly, both our governments of fucking imbecile bastards are going down the road of thousands of us killed.  Unless we fucking stop them.  Its about time humanity raised itself above this neo-feudalistic fucking bullshit, and said fucking no.  Not in my bastard name, and not in yours.

For fucks sake, this is 2013, not fucking 1013??  I take no part in this shit, and will do as much as I can to stop it.  You see me on the British news friends, I will be screaming my ZH, and interwebs wide name.  Inthemix 96 does not condone this shit, and will fight along side the rest of you lot who are just the same.

And leave me fucking be bitchez, what the fuck have we become??????????

Tue, 07/02/2013 - 13:44 | 3714536 reload
reload's picture

We are going to need all the luck and friends we can find, what worries me is that so few people notice or give a shit about what governments do to those they are supposed to serve. From mates rates corporation taxes for multinationals (now attracting faux anger from the people who rubber stamped them) to blatant privacy violations to rogue / secret foreign policy objectives and the human misery that entails.

I have given up, people don't seem to have much incentive to consider right/wrong - good/evil - truth/deception.

As you say, its time to `get the house in order` but I think we are in a tiny minority.

Tue, 07/02/2013 - 12:28 | 3714294 krispkritter
krispkritter's picture

I think you mean 'High (Gas Price) Alert'. 

"The canal was already on the “highest security alert possible” even before the most recent protests"

I guess we're headed for a 'Ludicrous High Alert Status' then...hang on to your bread helmets, it's gonna be one hell of a ride!

Tue, 07/02/2013 - 13:10 | 3714419 Taint Boil
Taint Boil's picture

 

 

+1 one for the bread helmet reference.

Tue, 07/02/2013 - 12:32 | 3714306 Truther
Truther's picture

It's war BITCHEZ..... Get used to it.

Tue, 07/02/2013 - 12:37 | 3714324 Flakmeister
Flakmeister's picture

Egypt gets about 5 billion a year in revenue from the Canal...

With demise of oil exports, a collapse in tourism, it falls on the canal and cotton exports to subsidize bread and fuel...

The military will not tolerate any actions threatening canal traffic....

Tue, 07/02/2013 - 13:18 | 3714445 involuntarilybirthed
involuntarilybirthed's picture

Agree,  the Suez, southern security for Israel (Camp David Accords) and strategic footprint stuff is what the rent payment of 1.3B is all about.  And mostly it is required to purchase US military equip which helps our jobs.  And if we can be friends, that's nice and we would prefer they not act up.  (Some of the $1.3B (also Camp David Accords) is allowed for them to run the admin support of the program and here is where those in power take their cut, and selling older equip).  Peace and access is expensive. 

Tue, 07/02/2013 - 13:22 | 3714460 Flakmeister
Flakmeister's picture

Good god, someone who is capable of having an adult discusson! Thank you!

Tue, 07/02/2013 - 13:27 | 3714485 Dr. Engali
Dr. Engali's picture

I do believe that "adult discussions" require the two parties involved to engage like adults. Not to fling childish insults around such as "you are full of shit". Maybe it's just me, but that seems to be the opposite of an adult discussion.

Tue, 07/02/2013 - 13:39 | 3714523 Flakmeister
Flakmeister's picture

I always reply in kind.... 

And asinine statements with no basis in reality deserve to be riduculed for what they are....

Tue, 07/02/2013 - 13:53 | 3714555 Dr. Engali
Dr. Engali's picture

The statment "you are completely full of shit" is just a childish insult to the person.  It says nothing about the statement. A more reasoned adult response would go something like this: "That's a good theory, however this is what I believe is going on". After all most of us at this site are all trying to figure it out. Intelligent debate is welcomed, arrogance is not.

Tue, 07/02/2013 - 14:14 | 3714616 Flakmeister
Flakmeister's picture

Yeah, sure thing, whatever....

The comment section of ZH is on par with  the Yahoo! boards for meaningful content. I only post here for comic relief as there are some commentators that can be very amusing, not that I follow any of them closely...

The rules go like this, if you have demonstrated that you can maintain a reasonably civil tongue, adhere more or less to the facts, we will get along fine. There are many posters here that I have fundamental disagreements with on philosophy of the political economy, but somehow we seem to  get along. And those of you falling into that category will immediately concur..

However, there are those that don't and I have learned that no goodwill on my behalf will change things... And afterall, this is fight club and you should be able to defend anything you post....

 

Tue, 07/02/2013 - 12:50 | 3714359 Jack Burton
Jack Burton's picture

Egyptians have a right to determine their own government and it's domestic and foreign policy as long as this meets the desires of the USA.

Now that may sound stupid as a statement. But it is NOT stupid as the policy that the USA now maintains across the globe. Our foreign service, military and CIA secret services are fully engaged behing the scenes. If the Egyptian Army moves, it will move upon the request of the USA and it will institute the policies the USA approves of.

To see this system in action, look to Syria. Syria has long refused to accept US dictates as to their govenment, foreign policy and domestic policy. So you see the US has recruited a foreign terror army to invade Syria and the result is a bloodbath. If Egypt can't be brought into the fold, then civil war in Egypt is possible, with the USA as a major funder of IT'S side.

Tue, 07/02/2013 - 13:06 | 3714405 Flakmeister
Flakmeister's picture

Sorry, but you completely full of shit on Syria...

Syria is just the next phase in the Arab world's version of the Thirty Years War....

Egypt has very little to do with sectarian violence....

Tue, 07/02/2013 - 13:20 | 3714450 francis_sawyer
francis_sawyer's picture

Billy ~ Have you ever been in a Turkish prison?

Tue, 07/02/2013 - 13:27 | 3714483 Flakmeister
Flakmeister's picture

What's the matter? Did you run out of flies to tortue by pulling their wings off?

Or did your Uncle molest you as a child and the DOMA decision triggered a PTSD reaction?

Tue, 07/02/2013 - 13:36 | 3714514 Inthemix96
Inthemix96's picture

Do you even know what you are talking about flak?

You seem a little backwards pertaining to verifiable events.

And no, I dont feed the trolls, but you seem to be an expert in this area.

Tue, 07/02/2013 - 13:49 | 3714550 Flakmeister
Flakmeister's picture

Sorry, this doesnt even come close to passing the smell test:

"the US has recruited a foreign terror army to invade Syria and the result is a bloodbath"

Anyone familiar with the most basic aspects of Syrian history would convulse in laughter at this suggestion...

I suggest you read up on Hama  for a little background and get back to us....

FWIW, I think you are a troll, but your ramblings are so far out there that you discredit yourself.. I couldn't appear to be a bigger wingnut than you if I tried (see Poe's Law)....  

Tue, 07/02/2013 - 21:05 | 3716110 Bringin It
Bringin It's picture

I was just drifting along thru the comments until I ran into flakmeister going full retard.

Yes there is a sectarian divide.  

Yes the divide is exploited by Zato, leading to the US has recruited a foreign terror army to invade Syria and the result is a bloodbath.

You don't pass the smell test arse-hole.

Tue, 07/02/2013 - 21:52 | 3716263 Flakmeister
Flakmeister's picture

Oh my, a full blown Hedge-tard, do you want to play? I have 10 minutes....

Tue, 07/02/2013 - 14:23 | 3714632 scatterbrains
scatterbrains's picture

but what if some rogue Libia agents with U.S. made shoulder mounted missle slipped down to the canal and busted a few rounds up the ass end of a half dozen tankers caught in the canal in a coordinated move of sorts ?

 

Tue, 07/02/2013 - 14:54 | 3714790 resurger
resurger's picture

This shit is bullish for WTI...

 

Tue, 07/02/2013 - 18:28 | 3715566 conspicio
conspicio's picture

A: Mohammed

 

Q: What is the common name of 10/13 members of the Suez Canal Authority BoD?

 

This means nothing but it will distract your brain from the real issues, namely that we were flipped the bird while Iran has run warships up the Canal with support to Syria. Putin pushed 12 vessels through the Canal to the Med in May, explicitly supporting Syrian goals. With 1/10 of all global sea trade transiting the Canal, the US could find themselves out in the cold due to the assanine Muslim Brotherhood support combined with NO long or intermediate positions with Egypt on the Canal. Keep sending aid (F-16s, Abrams') to the military, and all is well, for now. As for the future? who knows.

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