In the first 11 days of 2024, Suez Canal revenues fell by 40% year-on-year. The portal reports this masrawy Referring to the words of the channel’s executive chairman, Osama Rabia.
According to him, from January 1 to January 11, 30% fewer ships passed through the canal than a year ago – 544 versus 777.
Rabia cited the worsening situation in the Red Sea as the reason for the decrease in income. Since November, the Iran-backed Houthi movement in Yemen has been blocking shipping in solidarity with the radical Palestinian group Hamas. Nearly 20% of global maritime traffic passes through the Red Sea.
Some major carriers have already changed routes due to the Houthis’ actions. Additionally, on December 19, the United States announced the launch of a multinational operation to ensure freedom of navigation in the region.
On January 12, the United States and its allies launched missile and air strikes on Houthi targets in Yemen. The goal is to restore safe shipping for all countries.
Before that Slutsky explainedWhy is the West carrying out operations against the Houthis?
Previously in Britain acquitted The West is attacking the Houthis.