Last month, the marked downward trend of ship traffic in the Suez Canal since the end of last year. year and due to the effect of attacks by Yemeni militiamen Houthis to ships transiting the Red Sea and the Gulf of Aden and the consequent decision of a number of shipping companies to hijack their ships on the route that surrounds the cape of Buona Hope. This negative trend led to a reduction in the -42.9% of ship traffic in the first quarter of 2019. 2024 compared to the same period last year, being Only 3,597 ships transited the Egyptian canal, of which 1,238 oil tankers (-40.0%) and 2,359 other vessels (-44.4%). The total SCNT net tonnage of ships transited was equal to 150.3 million tonnes (-59.0%).

Revenues generated by ship transits in the first three months of This year, they amounted to 39.1 billion Egyptian pounds (-45,2%).

In March 2024 alone, total transits were 1,115, a decrease of -49.1% on March 2023, of which 402 oil tankers (-44.8%) and 713 other vessels (-51.3%). The SCNT tonnage of ships transited was 43.6 million tonnes (-66.2%) and revenues generated by transits stood at 15.2 million Egyptian pounds (-40.9%). From report the significant increase in the value of revenues generated by transit rights in March 2024 compared to the previous month when amounted to £10.6 million, despite the fact that in February the traffic was only five transits higher by 2.1 million SCNT tons more.