The number of ships flowing through the Suez Canal has dropped from 80 to 35

Due to the attacks of the Yemenian Rebels Huti, the number of ships flowing through the Suez Canal fell from 70-80 units per day to just 30-35-said the chairman of the board of the Suez Canal (SCA) ADM. Osama Rabie. In Egypt, the 69th anniversary of the nationalization of the channel was celebrated throughout the week.

As a result of ongoing tensions in the Red Sea and in the Strait of Bab al-Mandab, the income of the Suez Canal fell in 2024 by 61 percent. compared to the previous year. In 2023 they amounted to $ 10.25 billion, last year only $ 3.991 billion.

At the beginning of March, Egyptian President Abdel Fatah El-Sisi revealed that due to instability in the region, the country loses about USD 800 million a month due to lower income from the Suez Canal.

In mid-May, SCA introduced 15 % Discounts in transit charges for large containerers flowing through the Suez Canal, with a net capacity of at least 130 thousand. tone. The promotional price was to apply for 90 days, but due to large losses it was extended until the end of December 2025.

On Friday, the head of SCA also rejected the appeal of US President Donald Trump to enable American ships to free transit through this key water route. Rabie replied to the United States that Egypt was observed by international treaties that prohibit preferential treatment.

In April, the US President in his entry on his Truth Social platform argued that American war and commercial ships should have free access to both the Suez and Panama channels. “These channels would not exist without the United States,” wrote Trump. (PAP)

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