Egypt Says Dozens of Ships Return to Suez Canal After Ceasefire

Egypt’s Suez Canal Authority said 47 ships have rerouted to use the waterway since the start of February, a tentative recovery after a ceasefire between Israel and Hamas prompted Yemeni rebels to scale back attacks on Red Sea shipping.

The vessels elected to use the Egyptian canal instead of the longer Cape of Good Hope route around Africa’s southern tip, SCA chief Osama Rabie said in a statement on Sunday.

“Consultations with shipping lines and clients shows positive indicators for the return of stability in the Red Sea region,” he said, without giving comparative figures or further details.

Iran-backed Houthi ...