Suez Canal Traffic Lagging 60% Below Normal Amid SCZONE Industrial Expansion
Suez Canal transits were still 60% below 2023 levels as early January 2026 approached, despite over 100 days without Houthi attacks, with carriers cautiously eyeing Red Sea resumption. Concurrently, Egyptian Prime Minister Mostafa Madbouly inaugurated nine factories worth $153 million worth in the Suez Canal Economic Zone on January 11, boosting manufacturing activities related to solar, appliances, textiles, food products etc.