Word: canalizes
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...nine small ships nosed slowly past the sun-baked jetties at the entrance to Port Said harbor and into the open Mediterranean-the first convoy to pass through the Suez Canal in five months. Harbor vessels tooted joyously, and on the quays crowds broke into cheers...
What 18 nations had sought to avoid, what England and France had fought to prevent, Gamal Abdel Nasser was on the way to achieving. The canal was open and operating on Nasser's terms...
...tolls paid to the International Bank until a final settlement is negotiated. Nasser was disposed to negotiate no settlements. Early last week Hammarskjold watched as the salvage crews at last raised the tug Edgar Bonnet, which Nasser had used for so long as a "political wreck" to keep the canal blocked...
Looking frankly past Nasser to the sort of Middle Eastern stability that might be won ten years hence, the U.S. is encouraging schemes to free Western Europe from its overwhelming dependence on the Suez Canal. Last week leaders of the oil industry met in London to draw plans for a $500 million pipeline from the Persian Gulf to the Mediterranean through Iraq and Turkey, and to examine other ways of getting around Nasser. The world's shipyards are working at capacity building supertankers to carry Persian Gulf oil around Africa at no greater cost per barrel than smaller tankers...
Five big U.S. producers, meeting in London with British, Dutch and French oilmen, forecast that European requirements for Middle East oil will more than double in the next decade to 300 million tons a year. Even if the Suez Canal is restored to dependable use, they reported, the canal can handle only a small percentage of the increased flow, must be heavily supplemented with new pipelines to Mediterranean tanker ports. Under study is a $500 million pipeline with 60 million tons annual capacity, to run from Iraq to Iskenderuri, Turkey. Another idea is for an internationalized Middle East pipeline system...