RIYADH: Shipping volume in the Suez Canal dropped 28 percent year on year in the 10 days ending Jan. 2, official data has revealed.
Latest figures released by the International Monetary Fund’s PortWatch platform show that disruptions in the Red Sea have increased in recent weeks, putting vital trade flows at risk.
On the other hand, the data further disclosed that the shipping volume in the Cape of Good Hope has surged 67 percent during the same period.
This is mainly attributed to the fact that last month's attacks on ships in the Red