Vessel-handling operations were starting to return to normal in Port Said, Egypt, Feb. 5 and ships were transiting the Suez Canal without interruption as protests against the regime of Egyptian President Hosni Mubarak extended into an 11th day.
A.P. Moeller-Maersk, whose APM Terminals operates the Suez Canal Container Terminal at Port Said, said vessel operations increased Saturday after activity was “limited” a day earlier.
► Q&A: The Suez Canal and Egypt's Political Unrest
“The level of activities is increasing, but it’s not possible to give an assessment of when the situation will be normalized,” Michael Storgaard, a spokesman for the Copenhagen-based company, told Bloomberg News.
APM Terminals owns 55 percent of the Port Said terminal, which handles some 3 million 20-foot equivalent units of cargo a year.
Most of the concern over shipping operations in Egypt has focused on the large number of oil tankers that move through the Suez Canal daily. Those tankers have continued to transit the canal but oil prices have spiked beyond $100 a barrel on fears of possible disruption.