The ongoing Houthi attacks in the Red Sea and neighboring Gulf of Aden have cost the Suez Canal a pretty penny. The Suez Canal Authority (SCA) saw revenue dip more than $2 billion in the 2023-2024 ...

Traffic through the Suez Canal is down about 60 percent since 2023, even after Trump-ordered attacks on the Houthis and now a ...

Suez Canal Chief Says Red Sea Crisis Did Not Create Sustainable Route to Replace Canal CAIRO (Reuters) -Suez Canal Authority Chairman Osama Rabie said on Wednesday that the Red Sea crisis did not ...

CMA CGM has “reshuffled” a handful of Red Sea services and will continue to use the Suez transit despite the escalating ...

Suez Canal Authority Chairman Osama Rabie has confirmed that the Red Sea crisis has not led to the development of a viable alternative route to the canal, while also highlighting positive signs ...

Israel has proposed an ambitious £77bn plan to build a massive canal, the Ben-Gurion Canal, connecting the Red Sea to the Mediterranean ... providing an alternative to the Suez Canal and ...

CAIRO (Reuters) - Suez Canal Authority Chairman Osama Rabie has told shipping giant AP Moller-Maersk there are signs of stability returning to the Red Sea, and urged the company to take that into ...

A leading shipping firm says it doesn't see routes through Suez Canal resuming until 2025 because of the ongoing threat of Red Sea attacks. A.P. Moller-Maersk CEO Vincent Clerc told journalists ...

CAIRO, Feb 19 (Reuters) - Suez Canal Authority Chairman Osama Rabie said on Wednesday that the Red Sea crisis did not create a sustainable route to replace the canal, adding that there were ...

Iran-backed Houthi militants have attacked vessels in the Red Sea area since November 2023, disrupting global shipping lanes by forcing vessels to avoid the nearby Suez Canal and reroute trade ...