Suez Canal revenues rose 56.7% year on year to $567.1 million in August, supported by a 27% increase in the number of vessels transiting the waterway and a 51.1% rise in net tonnage, according to the Suez Canal Authority (SCA).
SCA Chairman Osama Rabie said 1,358 vessels crossed the canal in August, carrying a combined net tonnage of 68.3 million tons, compared with 1,070 vessels and 45.2 million tons in August 2025.
Rabie made the remarks during an event marking World Maritime Day 2026, organized by the Maritime Transport Sector of Egypt’s Ministry of Transport in Alexandria under the theme "From Policy to Practice: Empowering Maritime Excellence".
He said recent international and regional disruptions affecting global trade and supply chains had highlighted the Suez Canal’s role in supporting global supply chains and reinforced its position as a major international shipping route.
Rabie also reassured shipping operators that navigation through the canal remains safe and regular, with maritime services operating efficiently and pilots maintaining high levels of readiness.
He said the current challenges facing the maritime sector require flexible policies and new solutions to improve operational efficiency and strengthen the resilience of maritime institutions.
The SCA is also working to diversify its revenue sources by developing Egypt’s maritime industries, including through the modernization of shipyards and affiliated companies and partnerships with the private sector to manufacture and market different types of marine vessels, Rabie said.
The authority has also introduced new maritime services for shipping lines, including shipbuilding and repair, marine bunkering, medical assistance and crew changes.
Rabie added that the SCA has been involved in developing ports in Arab and African countries, including the development and reopening of Sirte Port in Libya after 14 years of closure.
The SCA’s Maritime Training and Simulation Academy has also modeled Ras Al-Khair Port in Saudi Arabia, while negotiations are underway to model two ports in Namibia and train pilots and tugboat captains from the two ports at the academy.
