Egypt Completes Trial Run of New Suez Canal Channel Extension

Egypt has successfully tested a new 10-kilometer extension to the Suez Canal. This extension is at the canal's two-way section in the southern region. As per the authorities, this expansion will boost the canal's capacity by an additional 6 to 8 ships daily and will also help minimise the impact of currents on shipping. Two ships have used the new extension as part of the test. This comes despite Egypt having seen a major dip in its revenue from the waterway in the wake of growing attacks from Yemen’s Houthi rebels. Egyptian President Abdel Fattah el-Sisi says that the country has lost approximately $7 billion in Suez Canal revenue in 2024 marking more than a 60 percent drop from 2023. Watch for more details.