Egypt,s Suez Canal Authority is considering a $1.2 billion program to deepen the canal from its current 53 ft draft to 67 ft. This would allow laden tankers of as much as 250,000 dwt to pass through, compared with the current maximum of 150,000 dwt. Drewry Shipping Consultants Ltd., London, said distances on major trading routes are about halved by use of the Suez Canal vs. the route around South Africa's Cape of Good Hope. By linking the Mediterranean with the Red Sea, the canal provides a shortcut to vessels trading between east and west. SAVINGS The Ras Tanura-Rotterdam round trip via the cape is 22,33...

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