*Egypt’s Suez Canal, the key international waterway connecting the Atlantic Basin and Asia-Pacific markets, is benefiting from changing flows in international oil trade. The route bagged Egypt a record $5.73bn in revenue for 2018. And, with most key indicators up year-on-year for Q1 (see table, p12), 2019 is shaping up to be a new record year.

*Oil is the largest single commodity to transit the canal (60.1mn tons for Q1, 21% of the 258mn tons total).  And crude not surprisingly...