Suez Canal Traffic, 3Q 2013

 

•Northbound shipments of crude oil through the Suez Canal (typically exports from the Gulf to Europe) have traditionally far exceeded southbound shipments (typically shipments from North Africa, Russia and the Caspian to Asia). Libya has in recent years been the key source of southbound shipments. In 2011 southbound crude shipments fell sharply as Libyan exports slowed to a trickle due to the country’s civil war. However volumes sharply...