Tanker Targeted by Houthis Returns to Suez as Canal Seeks More Traffic

The Suez Canal Authority is increasing its efforts to rebuild traffic through the canal highlighting the return to stability in the region. Yesterday, February 3, a tanker targeted by the Houthis eight months ago made its first transit reports the authority as part of its marketing campaign.

The Houthis announced they would honor the Gaza cease-fire reached last month and suspended their attacks on commercial shipping in the Red Sea. While many of the major shipping lines have taken a wait-and-see attitude stressing their focus on security the Suez Canal Authority is anxious to restore traffic.

The Suez Canal is a major source of revenue for Egypt. Reuters is citing a comment from Egyptian Presi…