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Suez Canal Authority Chairman Osama Rabie has told shipping giant AP Moller-Maersk there are signs of stability returning to the Red Sea, and urged the company to take that into account when planning sea routes, according to a statement from the SCA.
“We seek to take into account the positive indicators observed in the Red Sea region when planning maritime schedules in the coming period,” Rabie was quoted as saying.
Several major global shipping companies have suspended Red Sea voyages and rerouted vessels around southern Africa to avoid potential attacks from Yemen’s Houthis.
Egyptian President Abdel Fattah al-Sisi said in December the disruption had cost Egypt around $7 billion in revenues from the Suez Canal in 2024.
Read more in an article from gCaptain.
