Neither Suez transit volumes nor revenue figures show any sign of recovery from the nosedive in traffic after Yemen’s Houthis stepped up attacks in late 2023 (MEES, 14 June).

Figures obtained by Egyptian daily al-Mal indicate that monthly revenues fell again to a new 14-year low of just $338mn for May, little more than a third of the monthly record of $945mn set in May last year. (CONTINUED - 147 WORDS)