Red Sea Crisis Costs Egypt $7 Billion in 2024

Red Sea Crisis Costs Egypt $7 Billion in 2024 as Suez Revenues Sink
In November, 115 container vessels passed through the canal, a 72 percent drop from the 422 that passed through a year ago, says Project44.
Red Sea Disruptions Cost Egypt $7 Billion in Suez Revenues
Red Sea disruptions — a consequence of Houthi maritime attacks — have cost Egypt at least $7 billion in Suez Canal revenue this year, the country’s presidency said in a statement Thursday. Revenue from the vital international waterway is down over 60 ...
Suez Canal revenue down 60%, but Red Sea outlook may be changing
Suez Canal revenues have suffered an abrupt 60% decline y/y as vessel operators divert services away from the Red Sea. The post Suez Canal revenue down 60%, but Red Sea outlook may be changing appeared first on FreightWaves.
Red Sea crisis costs Egypt $7bn as Suez Canal revenues plummet
Diverting shipping away from the Suez Canal cost Egypt nearly $7bn this year as revenues dropped by 60% year over year. The figures emerged following a meeting on Thursday between Egyptian president Abdel Fattah El-Sisi and the chairman and managing director of the Suez Canal Authority, Admiral Ossama Rabiee.
Regional challenges cost Egypt around $7 billion of Suez Canal revenues in 2024, Sisi says
Events in the Red Sea and regional challenges cost Egypt around $7 billion in revenues from the Suez Canal in 2024, Egyptian President Abdel Fattah al-Sisi said on Thursday. Egypt lost more than 60% of the canal's revenues in 2024 compared with 2023,
U.S. Navy crew ejects safely after fighter jet shot down over Red Sea by likely "friendly fire," officials say
An F/A-18 fighter jet was "mistakenly fired on" by the guided missile cruiser USS Gettysburg, authorities said.
Two US Navy pilots eject safely over Red Sea after fighter jet shot down in apparent friendly fire incident
Two US Navy pilots ejected safely after their fighter jet was shot down over the Red Sea on Saturday in an apparent friendly ...
Fog of war: The US Navy's Red Sea Super Hornet shootdown is this fight's 2nd friendly-fire incident
The incident, though there are still many unknowns, underscores the risks of friendly fire in intense combat, especially a ...
Second Navy jet nearly brought down by friendly fire in Red Sea
The US nearly shot down a second Navy fighter jet over the Red Sea on Saturday — missing it by just 100 feet — in a friendly ...
U.S. ship shoots down jet in friendly fire over Red Sea, military says
Two service members ejected above the Red Sea after a warship fired on their aircraft, according to U.S. Central Command.
2 Navy pilots shot down over Red Sea in 'friendly fire' incident: Military
Two U.S. Navy pilots ejected safely over the Red Sea after their F/A-18 fighter aircraft was mistakenly shot down in "an ...
Navy FA-18 Superhornet shot down in ‘friendly fire’ incident in Red Sea
Two US Navy pilots were shot down while flying over the Red Sea on Sunday in an apparent “friendly fire incident,” according ...
2 US Navy pilots shot down over Red Sea in apparent ‘friendly fire’ incident, US military says
The U.S. military says two U.S. Navy pilots have been shot down over the Red Sea in an apparent “friendly fire” incident.
Houthi attacks in Red Sea develop into ‘new normal’
The Houthis attacks on vessels transiting the waterways off Yemen’s coast have become a “new normal” in the region, ...