Shipping Rebound? SCA Calls for Normal Transit Through Red Sea

Following a halt in Houthi attacks, the SCA urges shipping companies to return to the Egyptian waterway, citing improved stability.
The last reported attack occurred on Dec. 2, with the group later pledging to avoid targeting non-Israeli ships.
Despite reassurances, many operators hesitate to resume Suez transits, leading to continued reliance on the longer African route.
Crude shipments dropped from 7.9 million b/d in 2023 to 3.9 million b/d in 2024, highlighting the economic impact of...