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.
