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ENERGY: Suez Canal Use Gains in February Following Ceasefire

ENERGY

– SUEZ CANAHigher numbers of vessels are using the Suez Canal in February following the recent Israeli ceasefire according to canal officials on Sunday.

  • 47 ships have been rerouted from Cape of Good Hope to Suez Canal since the start of February, Egypt's Suez Canal Authority chairman Osama Rabe said.
  • The Houthi’s said they would only attack Israeli linked ships following the ceasefire, opening the route for global trade though many remain cautious.
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– SUEZ CANAHigher numbers of vessels are using the Suez Canal in February following the recent Israeli ceasefire according to canal officials on Sunday.

  • 47 ships have been rerouted from Cape of Good Hope to Suez Canal since the start of February, Egypt's Suez Canal Authority chairman Osama Rabe said.
  • The Houthi’s said they would only attack Israeli linked ships following the ceasefire, opening the route for global trade though many remain cautious.