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Ship freight prices increased from $750 to $6800 per container: SCA Chairman

In addition to this, there has also been an increase in the costs of ship fuel and ship insurance costs, sometimes reaching 10 times the pre-crisis insurance value

China wants to establish an industrial zone on the Mediterranean

During the meeting, the ministers also proposed to conduct trade transactions using local currencies of both countries, with discussions on the possibility of opening branch of a Chinese bank

Suez Canal’s shipping volume decreases by 55% in February 2023| IMF

Recently, the Chairman of the Suez Canal Authority, Osama Rabie, disclosed that because of red sea’s attacks, the Suez Canal's revenue experienced a decline in January 2024. The revenue dropped by 46.7%, amounting to $428 million compared to $804 million in January 2023

Egypt's ready-made clothing exports hit $2.437B during 2023

16 Egyptian companies participated in an exhibition in the United States of America in partnership with the USAID’s Trade Reform and Development Project

Maersk expects prolonged Red Sea crisis and expanded impact on supply chains

Global shipping giant A.P. Moller-Maersk cautions customers to brace for an extended Red Sea crisis, signaling potential disruptions that could continue through the 2nd half of the year,