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Tag: Suez Canal

🇪🇬Suez Canal Revenue Decline

Important information was conveyed by the head of the Egyptian Suez Canal Authority, Osama Rabi. He reported a significant reduction in the canal’s revenues by 25 percent in the last fiscal year. This is due to an increase in attacks by Yemeni Houthis on merchant ships in the Red Sea. Shippers have started choosing alternative…
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July 20, 2024
Maersk’s Stance on the Middle East Crisis: Prolonged Disruptions in International Trade Forecasted

🛢 Moller-Maersk, one of the world’s leading shipping companies, anticipates continued disruptions in international trade until the culmination of 2024. Despite this, Maersk remains skeptical about the likelihood of a swift resolution to the Middle East crisis. According to Maersk, the conflict in the Middle East and the Red Sea shows no signs of abating,…
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May 7, 2024