Suez Canal says it will work with clients to reduce impact of Red Sea attacks

Egypt’s Suez Canal will coordinate with clients to find ways to reduce the effects of the Red Sea crisis on trade, Canal Authority Chairman Osama Rabie said in a meeting with Soren Toft, the CEO of shipping giant MSC.

Attacks by Houthis on vessels in the Red Sea — in what the group describes as acts of solidarity with Palestinians in the Gaza conflict — have disrupted global shipping and forced firms to take longer, more costly routes, according to Reuters.

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