Suez Canal shows strong recovery as shipping lines prepare to return – chairman

The Suez Canal Authority (SCA) reported significant growth in traffic and revenues in the first half of fiscal year 2025/2026. It recorded a 5.8 per cent rise in vessel numbers, a 16 per cent increase in cargo volumes, and an 18.5 per cent boost in revenues compared with the same period last year.

The announcement came on Wednesday during a meeting between SCA Chairman Osama Rabie and shipping line representatives to discuss plans and schedules amid the stabilised situation in the Red Sea and the Bab el-Mandeb Strait.

Rabie said conditions are now favourable for the return of all shipping lines, with recent positive developments encouraging renewed transit along the strategic maritime route linking East and West.

Measures to support returning vessels include updated navigational circulars and incentives such as discounts for large container ships. The authority expects further growth in 2026, particularly for LNG and container traffic.

The SCA is also focusing on expanding services, improving maritime safety, and enhancing logistical support while closely monitoring global trade trends. With regional security restored and infrastructure improvements in place, the canal is poised to regain full transit activity, reinforcing its role as a key international shipping corridor.

Attribution: Amwal Al Ghad English