During the 1956 Suez Canal crisis shipping companies tried to be relieved of their obligations.
He said he had planned to take the boat through the Suez Canal to Alexandria, Egypt.
On Friday, shares in shipping companies rose, when worries over the Suez Canal began to emerge.
The situation could have ripple effects worldwide if the Suez Canal becomes jeopardized or even shut down.
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In 1954, Britain and Egypt initialled an agreement to end British occupation of the Suez Canal Zone.
The state of emergency applies to the three cities along the Suez Canal, and their surrounding regions.
In 1859, work began on the construction of the Suez Canal, under the direction of Ferdinand de Lesseps.
Shipping companies are now weighing up the risks of using the short-cut route to Europe via the Suez canal.
The US is far more vulnerable to interruptions in the shipping lanes in the Suez Canal than Israel is.
The Suez Canal is a major shipping canal with more than 2% of global oil output passing through it.
The wildcard stock has been Overseas Shipholding (OSG) which will be affected by the status of the Suez Canal.
The Egyptian state prosecution alleges that while operating as Iranian agents, they were scouting targets along the Suez Canal.
And it endangered the flow of oil to Europe through the Suez Canal.
His big break came in 1956 when Egyptian leader Gamal Abdel Nasser seized control of the Suez Canal from Britain.
The Suez Canal is among the most vital waterways in the world for the US Navy and the global economy.
The society was founded in 1928, in Ismailia, a city on the Suez Canal, where Banna worked as a schoolteacher.
Relations between the U.S. and Israel are more strained now than at any time since the 1956 Suez Canal crisis.
This means making solid calculations for 2013 will prove to be difficult for everything from Suez Canal receipts to tourism visitors.
The stakes are high for a country strategically positioned in Middle Eastern politics and in world trade through the Suez Canal.
The pipeline is the third most strategically important piece of energy infrastructure in Egypt after the Suez Canal and the Sumed Pipeline.
In the modern era the Suez Canal reduced the role of the sea to that of thoroughfare, between the Atlantic and Asia.
In June a missile-carrying Israeli submarine ostentatiously sailed through the Suez Canal.
Army units, meanwhile, took control of the main Suez Canal administration building, provincial government buildings, banks and courts in Port Said, Gen.
Some demonstrators tried to block the Suez Canal by untying speedboats and setting them adrift while others sought to interrupt car ferry traffic.
They created illusions of armies and battleships and masked the Suez Canal to such effect that confused Nazi bombers dropped their payloads off-target.
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In September 1956 the Suez Crisis, prompted by Egypt seizing and nationalising the Suez canal saw MPs returning early from the summer recess.
Eli Hodapp, editor of the Duke Nukem Forever List website, reminds us the Suez Canal and Manhattan Project were finished in less time.
At the time, Britain and France joined forces with Israel because their national interests were harmed by Nasser's nationalization of the Suez Canal.
Despite Nasser's escalating ties with the Soviet Union, the Eisenhower administration opposed ejecting him from the Suez Canal for a host of reasons.
Egypt's sickly economy is showing renewed signs of vigour, not least because of tolls from warships heading for Iraq through the Suez canal.
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