Word: canallers
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...Israeli troops began their negotiated pullback from the west bank of the Suez Canal last week, Egypt could look forward for the first time in 6½ years to regaining full control-by March 5-of its canal. Blockaded and unused except as a bitter point of confrontation since the June 1967 war, the channel had previously served for 98 years as a crucial waterway between continents, a ribbon of commerce along which East met West. Indeed, its completion in 1869 was deemed such a historic occasion for Western Europe's mercantile ambitions that elaborate dedication ceremonies were attended...
...proclaim the nation's hard-won repossession of the Suez by opening it again to the world's merchant fleets. A small group of high-level Egyptian officials, with Sadat's blessing, is already hard at work on plans for a rebirth of the Suez Canal and its cities...
...rebuild right away, Minister for Reconstruction Osman Ahmed Osman, 56, is determined to be the first civilian into Suez city after the Israeli occupation ends. The boss of Arab Contractors, Egypt's largest building firm, Osman has been charged by Sadat with overseeing the reconstruction of all canal zone cities. He plans to establish headquarters in Ismailia, his birthplace and seat of the old canal company. The clearance of the canal itself will be directed by Mashour Ahmed Mashour, 55, the ex-army officer and graduate engineer who has been chairman of the Suez Canal Authority since...
...Staple. While the salvage work proceeds, the Canal Authority will be restoring buoys, lights and other navigational aids. Also needed are about 13,000 workers. Most of them will probably be old canal employees, including 200 pilots who have dispersed to waterways off Kuwait, Libya, Nigeria and Hong Kong, but are anxious to return home. The entire project is expected to cost $400 million to $450 million...
Oddly enough, a reopened canal may well have less effect on the transportation of oil, its old staple, than on other materials. Israel operates a pipeline from the Mediterranean to the Gulf of Aqaba, and Egypt is about to build a pipeline from the Mediterranean to the Gulf of Suez, skimming off some of the Persian Gulf oil that used to be shipped through the Suez on tankers. Moreover, some oil company officials claim that the cheapest way of all to transport oil is in supertankers too big to run the canal. Even so, a third of the world...