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The canal’s fortunes though have not expanded much since late 2023 as Houthi attacks disrupted shipping in the Red Sea.
The Suez Canal, the vital waterway that shortens the sea journey between Asia and Europe has expanded by 10 kilometers. The expansion allows it to accept more traffic – an additional six to eight vessels per day, according to the Suez Canal authority.
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The canal’s fortunes though have not expanded much since late 2023 as Houthi attacks disrupted shipping in the Red Sea. Egypt is laying more emphasis on increasing the traffic in the Suez Canal since it provides steady revenues to the economically stressed country. However, Many shipping companies have started cruising through other routes since the Houthi attacks on ships.