(3 Minutes Read)
Data from ABG Sundal Collier shows a sharp 72% decrease in the number of arrivals through the Gulf of Aden compared to the 2023 average. This has had a severe economic impact on Egypt, with a significant drop in revenues from the Suez Canal.
Approximately 200 commercial shipping voyages now pass through the Red Sea each week. While this number has increased, it remains less than half of the weekly 500 voyages recorded two years ago. This is revealed in a recent report by Jefferies Investment Bank, a leading firm in shipping statistics. The data is based on Automatic Identification System (AIS) tracking,
The report indicated that more oil tankers and bulk cargo ships are diverting from the Red Sea. So far in 2025, 56% of dry bulk cargo shipments have been redirected, up from 45% in 2024. The diversion of crude oil tankers has increased from 35% to 48%, while product tankers have seen a rise from 45% to 52%.
Data from ABG Sundal Collier shows a sharp 72% decrease in the number of arrivals through the Gulf of Aden compared to the 2023 average. This has had a severe economic impact on Egypt, with a significant drop in revenues from the Suez Canal.
The report also notes that Houthi forces have attacked more than 100 ships since late 2023 and throughout the past year. However, the Houthis have paused their campaign against commercial shipping in 2025 due to a temporary peace agreement between Israel and Hamas.
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The US Federal Maritime Commission (FMC) is investigating global maritime chokepoints, including the Suez Canal, to determine if foreign governments or shipping operators are creating conditions that could negatively affect US shipping and trade.
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