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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 ...
Red Sea attacks cost Egypt $7 billion in Suez Canal revenue
Suez Canal revenues have suffered an abrupt 60% decline y/y as vessel operators divert services away from the Red Sea. The post Red Sea attacks cost Egypt $7 billion in Suez Canal revenue appeared first on FreightWaves.
6d
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.
4d
on MSN
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, ...
6d
on MSN
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 ...
7d
on MSN
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 ...
6d
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.
6d
on MSN
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.
4d
on MSN
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 ...
6d
on MSN
US fighter shot down in 'apparent case of friendly fire' over Red Sea
The U.S. military said it mistakenly shot down one of its own fighter aircraft over the Red Sea early on Sunday, forcing both ...
The New York Times
2d
Who Are the Houthis and Why Are the U.S. and Israel Attacking Them?
The Iranian-backed militia has launched attacks on commercial ships in the
Red
Sea
and against Israel. By Ismaeel Naar Ephrat Livni and Gaya Gupta For more than a year, the Houthis, an Iranian ...
20h
China’s faith in Djibouti is paying off, but could Red Sea crisis muddy the waters?
Djibouti’s key location has buoyed Chinese firms in ports and transport, but some fear the Red Sea crisis may not be all ...
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Related topics
Egypt
Houthis
United States
Suez Canal
USS Gettysburg
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