Suez Canal records highest monthly revenue since Red Sea crisis began

Egypt's Suez Canal earned $724 million in October, its highest monthly revenue since the Red Sea crisis began in late 2023.

• Osama Rabie, head of the Suez Canal Authority, announced October revenue of $724 million, up 94 percent from $373 million in the same month last year.
• Rabie said 1,490 ships transited the canal in October, up 32 percent, carrying 88 million tons of net cargo, up 86 percent.
• Revenue in October of the previous year stood at $373 million.
• Red Sea shipping attacks that began in late 2023 had driven many carriers to reroute away from the canal.