The Panama-flagged container ship 'Cosco Asia' has been targeted by terrorists attempting to block the vital canal system, but the attack was foiled by the Egyptian Army, reports Al Jazeera, citing a statement by the Head of the Suez Canal Authority.
The statement did not specify what kind of attack it was, but shipping sources informed the Reuters news agency they heard the sound of two explosions as the ship passed through the waterway.
Blocking the canal would have an immediate economic effect, especially on the cost of exports from Asian factories to markets in Europe and the United States through causing ships to transit around the continent of Africa via the Cape of Good Hope instead.
Source: Al Jazeera
Suez Canal passing place: Photo credit Wiki CCLSuez Canal passing place: Photo credit Wiki CCL