*
الاحد: 07 ديسمبر 2025
  • 04 November 2025
  • 20:09

Khaberni - The Egyptian Suez Canal Authority announced on Tuesday a 14.2% annual increase in canal revenues during the period from June/July to October 2025, driven by improved conditions in the Red Sea and a resurgence in navigation after the ceasefire in Gaza.

The head of the Authority, General Osama Rabie, stated that the number of ships that crossed the canal in October reached 229 vessels, the highest monthly figure since the beginning of the regional crisis, indicating a relative improvement in transit volumes and loads over the past months.

Transit statistics between July and October
The authority mentioned that the canal witnessed the passage of 4405 ships carrying 185 million tons of goods between July and October 2025, compared to 4332 ships and 167.6 million tons in the same period last year, reflecting a tangible growth in trade volume through this vital navigational route.

Rabie noted during his meeting with representatives of 20 shipping companies in Ismailia that the positive atmosphere following the Sharm El-Sheikh summit regarding Gaza contributed to some marine transport companies resuming use of the canal.

The French shipping company CMA CGM has resumed its crossings with two large container ships, while other companies such as MSC, Evergreen, and Cosco are considering expanding their activity through the canal as risks in the Red Sea diminish.

The Suez Canal is the fastest maritime route between Europe and Asia, and it constitutes one of the most prominent sources of hard currency for the Egyptian economy, which has faced increasing financial challenges since the beginning of the regional crisis and a decline in traffic at the start of the year.

Rabie called on global shipping companies to conduct trial trips to restore confidence in this vital navigational corridor, emphasizing the importance of regional stability for ensuring the continued flow of global trade.

Topics you may like