Tel.:
1-732-321-1098
Fax.:
1-732-321-1058

Address:
7 LINCOLN HWY, SUITE 200
EDISON NJ 08820

E-mail:
svc@hughesshipping.com
NEWS

Carriers Watch Turmoil as Egypt Supply Chains Remain Secure (Thursday, February 3, 2011)

Shippers watching developments closely amid political protests

Companies that have cargo transiting the Suez Canal are closely monitoring conditions at the canal. But canal operations are very unlikely to be disrupted because of the heavy military presence there, said Tom France, director of global transportation and supply chain solutions for Caterpillar Logistics Services. "It's not widely known, but the UN Peacekeeping Force at the Suez Canal consists of 90 percent U.S. military forces," he said.

Because of the importance of the Suez Canal to their international supply chains, Caterpillar and Phillips-Van Heusen are checking the status of Suez operations about every half hour, both executives said.

"Evergreen Marine Corp. and its agents in Egypt are closely monitoring the events there. We plan to continue our Evergreen Line services through the Suez Canal, but our priority will be the safety of our crew and ship, as well as the cargo entrusted to us. While the situation in Egypt continues to impact us commercially and operationally, then omitting calls at ports in Egypt would be an unavoidable choice," said an Evergreen spokeswoman.

CMA CGM has set up an Emergency and Communication Response Team to follow the situation in Egypt around the clock, keeping in close contact with its Egyptian teams in the country, assessing their safety and making sure operations are fully maintained.