Word: canallers
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This, as every listener to Cairo's Voice of the Arabs knows, is the same high dam that the U.S. proposed, then refused to underwrite before Nasser nationalized the Suez Canal. The news went over big in the Middle East. A pro-Western Beirut newspaper cried approvingly: "The Soviet Union has taken the place of the West on the banks of the Nile to help Nasser at long last to build the Pyramid of the 20th century...
Some of the hulks dredged up by U.N. salvagers and dumped in the shallows still jut from corners of Port Said harbor; a few weatherworn propaganda posters still flap from the city's walls, and the scarred stump of the statue of Canal Builder Ferdinand de Lesseps, torn down by mobs celebrating the departure of the last Anglo-French invaders, still stands at the canal entrance. Vastly more in evidence, as Egyptians prepared to celebrate the second anniversary of Nasser's Suez "victory," were the 385 ships that his Suez Canal Authority shuttled through the canal last week...
...Only the Best." Since Nasser seized the canal, his men have put 28,949 ships through without a single serious accident. One day last March an alltime record of 84 ships passed through the canal. By all signs, this month will set another record. Last August the U.S. aircraft carrier Essex, with a deck half again wider than that of any ship transiting the canal before, showed up at Port Said on an emergency dash to reinforce the Seventh Fleet off Formosa. The Egyptians eagerly built a special platform on the deck, and from this vantage their senior pilot...
Younis has bought new equipment, trimmed the canal banks with the help of 30,000 fellaheen digging by hand, and dredged the canal to the old maximum depth of 35 feet. The workmen, pilots and supervisory staff are paid from booming revenues. Younis says the authority took in about $110 million last year, and paid $15 million into Nasser's treasury as profit. His hastily recruited 220 pilots, replacing those who walked off in a body one day, include six Americans, 21 West Germans, 40 from Communist countries, and 100 Egyptians. They have worked well. By way of improvement...
...free its oil from the entanglement of Arab politics and the dangers of a blockaded Suez Canal, Iran last week signed an agreement with its Baghdad Pact partner, Turkey, for a $500 million oil pipeline. Presumably, oil from the rich new northern field of Qum will be piped over the mountains to a Mediterranean port in southern Turkey. Estimated savings in oil transport costs...