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Osama Rabei Reports 23% Rise in Suez Revenue
The Suez Canal experienced a 23% increase in its revenues, reaching approximately $4 billion. The number of ships passing through rose by 10%, and their cargo volumes increased by 22%. The head of the authority also pointed out the return of major shipping lines to use the navigational route and confirmed that the closure of the Strait of Hormuz did not significantly impact maritime traffic through the canal, although some ships were affected by the Bab el-Mandeb Strait. Additionally, the canal benefited from recent peace agreements, which led to an increase in traffic.
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