Tuesday, June 18, 2024

Sharp Drop in Suez Canal Revenue and Cargo Volume

 Seatrade Maritime News published on 18 June 2024 an article titled "Suez Canal Revenue Drops by Almost Half Due to Red Sea Crisis" by Michelle Labrut.  

Egypt's Suez Canal revenue declined by 64 percent and cargo volume declined by 69 percent in May 2024 compared with May 2023 because of Houthi attacks on international shipping in the Red Sea.