Word: suez
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Irritating Visit. Egypt considers the arms defensive. Sadat wants peace in Sinai to protect the Suez Canal, and he would undoubtedly welcome a U.S. guarantee. It would mean that Egypt could reach an informal agreement with Israel but would not be bound by a formal treaty or a politically unpalatable pledge of nonbelligerency until there was also agreement on the Syrian front and on the Palestinian issue. Some kind of understanding would protect moderates like Sadat from attacks by radical Arabs, notably the hard-lining Palestinians. In Tripoli last week, Libyan Leader Muammar Gaddafi, who is feuding with Sadat...
Triple Rates. Sadat's principal argument in the face of extremist accusations is that moderation pays off. The newly reopened Suez Canal, in addition, handled 54 ships in its first full week of operation, including one U.S. freighter, the 21,000-ton Spirit of Liberty. None contained cargo for Israel, as far as was known. The volume of traffic satisfied canal authorities, although they worry that triple insurance rates, in force as long as there is no formal peace, may discourage business and limit toll revenues, which Egypt hopes will reach $450 million annually...
...Anwar Sadat climbed aboard the 3,500-ton Soviet-built ship, named for the day in 1973 on which Egypt attacked Israeli positions in the occupied Sinai. With Sadat on her bridge, the October Six slipped her lines, gathered speed and at ten knots moved slowly southward into the Suez Canal; symbolic floating gates decorated with pharaonic designs parted to let her through. Another destroyer and three vessels filled with invited guests fell in line for a voyage to Ismailia, 48 miles away. Thus did jubilant Egyptians last week begin a two-day celebration of the reopening of their canal...
...into the waterway that Sadat has melodramatically described as "a hostage for peace." At the Bitter Lakes, they met the first northbound convoy in eight years-two Iranian destroyers along with cargo ships from Japan, Italy, Pakistan and the Sudan. Israel may suffer economically from the reopening of the Suez since, among other things, it will cut heavily into a profitable overland transfer route, from the Red Sea port of Eilat to Ashkelon, that Israel developed after the 1967 canal closing. Nonetheless Foreign Minister Yigal Allon conveyed "heartfelt and most sincere wishes to Egypt that the canal will indeed bear...
Among the newsmen who covered the reopening of the Suez Canal last week were TIME Beirut Bureau Chief Karsten Prager, who observed the shoreside ceremonies, and Cairo Bureau Chief Wilton Wynn, who, as pool reporter for the English-speaking press, was aboard the October Six with Sadat. Their accounts of the celebration...