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Explore Why Ships Are Paying Billions to Avoid the World's Most Important Canal with 51 views, 1 likes, and 0 comments. Experience the impact of this video content that has captured audience attention.

The Suez Canal has been open every day since 2015, fully dredged, fully staffed, with no technical reason to avoid it, yet for most of 2024 and into 2025 the world's major shipping lines paid an extra one to two million dollars per voyage specifically to sail around it. This video breaks down why Houthi attacks in the Red Sea turned one of the most productive waterways on Earth into a route carriers refuse to use, how Egypt built an entire expansion plan around canal revenue it can no longer collect, and why owning a canal means nothing if you do not control the sea that leads to it. It also explains why this crisis reaches into the price of everyday goods shipped from Asia to Europe and the Gulf to the Atlantic, and why a canal that was fully expanded, fully financed, and fully functional could still be sidelined by a conflict happening hundreds of kilometers away from Egyptian territory. What's covered in this video: How the Suez Canal, which moves roughly twelve to fifteen percent of global trade by value, lost most of its container traffic without ever being physically closed Why Houthi drone and missile attacks launched from Yemen beginning in November 2023 pushed nearly every major carrier, including Maersk, MSC, CMA CGM, Hapag-Lloyd, and Evergreen, to reroute around the Cape of Good Hope How Egypt's 2014 to 2015 canal expansion, funded by an eight and a half billion dollar domestic bond campaign, was built to double revenue by 2023 rather than watch it collapse Why the Suez Canal Authority reported record revenue of nine point four billion dollars in fiscal year 2023, just before the Houthi crisis cut transit volumes by fifty to seventy percent Why Egypt controls the one hundred ninety three kilometer canal completely but has zero jurisdiction over the twenty two hundred fifty kilometer Red Sea and the Bab el Mandeb Strait that ships must cross to reach it How the United States Navy's Operation Prosperity Guardian shows why intercepting drones that cost a few thousand dollars with missiles worth hundreds of thousands is not a sustainable long-term defense Why Egypt needed an eight billion dollar IMF support package and a thirty five billion dollar UAE investment commitment in 2024 after canal revenue collapsed alongside a sharp currency devaluation How the 2021 Ever Given grounding, which cost roughly nine billion dollars a day and lasted six days, differs completely from a crisis that has no engineering solution Why economically blocking a canal does not require physically closing it, only making the water leading to it too dangerous for underwriters to insure Why the 2021 Ever Given closure had a fast engineering fix while the Houthi crisis only has a political and military solution the relevant parties have not been able to deliver Mentioned in this video: Suez Canal, Suez Canal Authority, Egypt, Red Sea, Bab el Mandeb Strait, Houthi forces, Yemen, Hamas, Israel, Maersk, MSC, CMA CGM, Hapag-Lloyd, Evergreen, Cape of Good Hope, Operation Prosperity Guardian, United States Navy, International Monetary Fund, United Arab Emirates, Ever Given, President el-Sisi, Egyptian pound If Egypt fully owns and fully controls the canal and still cannot stop ships from avoiding it, the real question is who actually controls global trade. ───────────────────────────── SOURCES ───────────────────────────── This video references publicly reported figures from the Suez Canal Authority, the International Monetary Fund, and the government of Egypt on canal revenue, transit volumes, and emergency financial support packages. ───────────────────────────── LEGAL NOTICE & TRANSPARENCY ───────────────────────────── Entertainment Purposes: This video explains global shipping routes and geopolitical events for informational and entertainment purposes. This is not professional financial or trade advice. 0:00 The Canal Nobody Can Use 0:50 Egypt's Nine Billion Dollar Lifeline 2:21 The Bet That Backfired 3:17 When The Attacks Began 3:50 Carriers Abandon The Red Sea 4:25 Warships Against Cheap Drones 5:28 The Sea Egypt Doesn't Own 6:34 Ever Given Versus The Houthis 7:10 Egypt's Economy Pays The Price 8:50 Why Your Prices Went Up

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