US EditionEgypt Says Dozens of Ships Return to Suez Canal After Ceasefire
- Egypt's Suez Canal is seeing renewed traffic as 47 ships have returned since early February, according to Suez Canal Authority Chairman Osama Rabie.
- Rabie stated that the Red Sea crisis has not offered a lasting alternative to the canal as regional tensions ease following the ceasefire on January 19.
- The Suez Canal Authority has implemented measures like maintaining stable fees to counteract a 60% drop in revenue due to Red Sea disruptions, resulting in USD 6 billion in losses.
- The Suez Canal Authority has taken measures to increase efficiency, including expanding the canal's southern section to boost ship capacity.
9 Articles
9 Articles
More Ships Resume Using Suez Canal Amid Regional Stability
Dozens of ships have returned to using Egypt’s Suez Canal since early February instead of the longer Cape of Good Hope route, Suez Canal Authority (SCA) Chairman Osama Rabie announced on Sunday, 23 February. Speaking at the International Maritime Transport and Logistics Conference (MARLOG) in Alexandria, Rabie stated that 47 vessels have resumed transits through the canal, with more expected to follow as regional tensions ease following the Hama…
Egypt: 47 ships re-routed its maritime navigation to Suez Canal in February due to stability in Red Sea
Rabie noted that the positive indicators of stability returning to the Red Sea region had resulted in 47 ships altering their routes to pass through the Suez Canal instead of the Cape of Good Hope. He anticipated that more shipping lines will follow this trend as stability continues to improve.
Egypt Says Dozens of Ships Return to Suez Canal After Ceasefire
Egypt’s Suez Canal Authority said 47 ships have rerouted to use the waterway since the start of February, a tentative recovery after a ceasefire between Israel and Hamas prompted Yemeni rebels to scale back attacks on Red Sea shipping.
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