Egypt completes trial run of new Suez Canal channel extension
Egypt said on Saturday it had successfully tested a new 10 km channel near the southern end of the Suez Canal, even as its ...
Red Sea Crisis Costs Egypt $7 Billion in 2024 as Suez Revenues Sink
In November, 115 container vessels passed through the canal, a 72 percent drop from the 422 that passed through a year ago, ...
Suez Canal revenue down 60%, but Red Sea outlook may be changing
Suez Canal revenues have suffered an abrupt 60% decline y/y as vessel operators divert services away from the Red Sea. The ...
Star Bulk Carriers: Potential Supply Imbalance Is A Bullish Tailwind
Discover why Star Bulk Carriers' stock dropped 40% but still holds strong long-term potential in the shipping market. Click ...
Crude Oil Prices1d
Oil Prices Rise on China Stimulus and Falling U.S. Inventories
Oil prices are rising on the back of China's monster stimulus package and continued signs of strong demand in North America.
TradeWinds1d
Red Sea crisis costs Egypt $7bn as Suez Canal revenues plummet
Diverting shipping away from the Suez Canal cost Egypt nearly $7bn this year as revenues dropped by 60% year over year. The ...
TASS1d
Egypt lost more than 60% of Suez Canal revenues in 2024 — administration
CAIRO, December 27. /TASS/. Egypt lost more than 60% of Suez Canal revenues, which stood at about $7 bln, in the outgoing year, Chairman and Managing Director of the Suez Canal Authority Osama Rabie ...
The National on MSN2d
Egypt commits to boosting private sector role as it loses $7bn in Suez Canal revenue this year
Egypt lost roughly $7 billion in revenues from the Suez Canal, down about 60 per cent annually, mainly as a result of attacks ...
Red Sea Disruptions Cost Egypt $7 Billion in Suez Revenues
Red Sea disruptions — a consequence of Houthi maritime attacks — have cost Egypt at least $7 billion in Suez Canal revenue ...
Regional challenges cost Egypt around $7 billion of Suez Canal revenues in 2024, Sisi says
Events in the Red Sea and regional challenges cost Egypt around $7 billion in revenues from the Suez Canal in 2024, Egyptian ...
Houthi attacks in Red Sea develop into ‘new normal’
The number of Houthi attempted attacks fluctuates each month, but they have repeatedly demonstrated the threat they pose to ...