Chairman and managing director of the Suez Canal Authority (SCA), Admiral Osama Mounier Mohamed Rabie said that dollar revenues from the canal are down 40% from the beginning of the year compared to 2023, while vessel traffic has declined by 30% in the same period.
The number of ships that have passed through the Suez Canal dropped to 544 so far this year, from 777 in the equivalent period of 2023, according to Rabie.
As the Suez Canal is crucial for the Egyptian economy, accounting for 2% of the...
https://container-news.com/drop-in-suez-canal-revenues-could-affect-egyptian-economy/