Analyzing the Suez Canal
The Suez Canal had its 150th inaugural anniversary last week. Since opening on November 17, 1869, it ushered in a new shipping era dominated by steam ships, gave reason to both create a single registration authority and standardize how ships are measured for fair toll treatment, influenced ship design and facilitated Asia’s economic growth through the 20th century.
Using Global Vigilance VSS, we project total transits in 2019 should exceed 2018 since over 17,000 transits have been made this year.