Egypt’s canal receipts fall by almost half after Red Sea attacks
As ships have sailed alternative routes due to the risk of attacks in the Red Sea, revenue at the Suez Canal was almost halved in January.
By Salma El Wardany, bloomberg news
Egypt’s Suez Canal revenue plunged by almost half in January, a top official said, after attacks by Yemeni militants on Red Sea vessels forced major shipping firms to avoid the waterway.
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