Yes, it is. It is on the edge of the ocean and it has a harbor. An excellent, perfectly ideal harbor, actually: the shallow, sandy bottom drops off very quickly into deep water, making it very safe...
Towns and cities on the Red Sea coast include:
Aqaba (العقبة) Hirgigo (ሕርጊጎ) Asseb (ዓሳብ) Dahab (دهب) Eilat (אילת) El Gouna (الجونة) Hala'ib (حلايب) Al Hudaydah...