Egypt’s Suez Canal revenues plunge ...News

Russia Today - Economy
Egypt’s Suez Canal revenues plunge
source : Russia Today ( News ) () 48
Houthi attacks forced major shippers to divert vessels away from the route Revenues generated by Egypt’s Suez Canal saw a 40% year-on-year decline in the first eleven days of 2024, canal authority head Osama Rabie said earlier this week. Ship traffic through the maritime artery connecting the Mediterranean and the Red Sea dropped 30% between January 1 and January 11 compared to the same period a year prior, the official noted, speaking on a talk show Thursday night. According to Rabie, the number of ships that have moved through the Suez Canal fell to 544 in the first eleven days of the current year compared to 77

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