Suez Canal Chief Expects Traffic Recovery to Start by End-March

By Sherif Tarek

Feb 10, 2025 (Bloomberg) –Suez Canal Authority chief Osama Rabie said he expects traffic through the Egyptian waterway to gradually return to normal by late March and fully recover by mid-year, as long as the Gaza ceasefire holds up. 

Yemen’s Houthis said they’d stop targeting US and UK ships in response to the pause in fighting between Israel and Hamas. Shipping companies, however, indicated it was still too early to plan …