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flag Egypt completes Suez Canal expansion trial, aiming to boost capacity amid revenue drops.

flag Egypt has completed a trial run for a new 10 km extension at the southern end of the Suez Canal, allowing two ships to pass without issues. flag This expansion aims to boost daily capacity by 6 to 8 ships and improve emergency handling, following the 2021 Ever Given incident. flag The Suez Canal's revenue has dropped by over 60% to about $7 billion in 2024, due to attacks by Yemen's Houthi militants on ships in the Red Sea since November 2023.

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