12/27/2024
Canal Revenue Plummets 60%
Geopolitical tensions and attacks in the Red Sea have disrupted global shipping, forcing vessels to divert around the Horn of Africa and costing Egypt a staggering $7 billion this year.
🚢 Longer routes mean higher shipping costs and delays, impacting global trade and logistics. With military escorts in action and hopes of security improving, the big question remains: Will the Red Sea stabilize by 2025?
🌍 Swipe to see how these changes ripple through the global supply chain!
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