Suez Canal Revenue Drops 60% Amid Red Sea Attacks, Losses at $800 Million Monthly; March Revenue Up 29% to $335.6 Million

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Published Apr 16, 2025, 03:07 PM

Revenue from the Suez Canal has declined by 60% due to attacks in the Red Sea, resulting in losses of approximately $800 million per month. In the first quarter of 2025, Suez Canal revenues decreased by 5.75% to $904.1 million. However, there was a notable increase of 29% in revenues in March 2025, reaching $335.6 million, as reported by Osama Rabie, head of the Suez Canal Authority. Since February, 264 ships have altered their routes to transit through the Suez Canal instead of around the Cape of Good Hope.

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#Suez Canal #Red Sea #Osama Rabie #Suez Canal Authority #Cape of Good Hope

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@Attaqa0

#عاجل 264 ships have been changing their course to cross the Suez Canal instead of the Cape of Good Hope road since the beginning of last February - Statement by the Channel Authority #مصر #قناة_السويس #رأس_الرجاء_الصالح #السفن https://t.co/8K8zP6Tdmy

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The head of the Suez Canal Authority, Osama Rabie, says that the revenues of the Suez Canal increased by 29% in March 2025 to reach 335.6 million dollars, adding that 264 ships have adjusted their course to cross the Canal instead of the Cape of Good Hope since the beginning of February https://t.co/hSkzQp9WUP