# Egypt suffers $10 billion loss in Suez Canal revenues due to Red Sea shipping disruptions

> Egyptian President Sisi said Red Sea attacks have cut Suez Canal traffic by 40-50% and caused about $10 billion in losses. Many ships are rerouting via the Cape of Good Hope.

- Date: 2026-11-15 · published 2026-11-15T21:14:17.972Z
- Category: logistics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/101827-egypt-suffers-10-billion-loss-in-suez-canal-revenues-due-to-red-sea-shipping
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Suez diversions lengthen voyages and raise freight costs for grain and feed imports into the Mediterranean and Red Sea trade lanes.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- ilkha.com: https://ilkha.com/english/economy/egypt-suffers-$10-billion-loss-in-suez-canal-revenues-due-to-red-sea-shipping-disruptions-530419

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.