Dollar revenues from Egypt’s Suez Canal are down 40% from the beginning of the year compared to 2023, canal authority head Osama Rabie said on Thursday, after attacks on ships by Yemen’s Houthis caused major shippers to divert away from the route.
Ship traffic was down 30% in the period between Jan. 1 and Jan. 11 compared to a year prior, Rabie said, speaking on a late night talk show.
The number of vessels to pass through the Suez Canal dropped to 544 so far this year, from 777 in the equivalent period of 2023, he said.
they gave control of the red sea task force to the US last year.
theyre the 12th largest navy in the world.
their navy us split into 2 fleets: Mediterranean and red sea.
they have 2000km of busy coastline to patrol.
the attacks are also happening beyond their coastline in the gulf of aden.
Djibouti has a military base of loads of other countries because uts also in their interests to protect the shipping
a weak navy and large coastline means they have limited ability to project naval power before considering protecting the gulf of aden or putting airstrikes into yemen.
oh, and Egypt has a track record of having an incompetent military, so there’s that…