The Suez Canal recorded the highest revenue of $724 million since Houthi attacks on ships in the Red Sea began in 2023, said Osama Rabie, chairman of the Suez Canal Authority. Compared to last October, transit revenues almost doubled, growing by 94%, the number of vessels increased by 32%, while tonnage climbed by 86%.

The Suez Canal recorded the highest revenue of $724 million since Houthi attacks on ships in the Red Sea began in 2023, said Osama Rabie, chairman of the Suez Canal Authority. Compared to last October, transit revenues almost doubled, growing by 94%, the number of vessels increased by 32%, while tonnage climbed by 86%.