Suez Canal revenue rose 56.7% year on year to 567.1 million dollars in August, compared with 326 million dollars in the same month last year, according to Suez Canal Authority Chairman Osama Rabie during his participation in a ceremony marking World Maritime Day 2026 in Alexandria.
Vessel numbers and tonnage increase
Rabie said 1358 vessels transited the canal in August, an increase of 27% from 1070 vessels in the same month last year.
The net tonnage of transiting vessels rose 51.1% to 68.3 million tonnes, compared with 45.2 million tonnes a year earlier.
Shipping remains regular despite geopolitical turmoil
Rabie said the canal was safe and shipping traffic was regular, noting that maritime services were operating efficiently amid geopolitical developments that have affected global trade and supply chains in recent years.
He added that disruptions to global trade had underscored the importance of the Suez Canal in securing supply chains, saying there was no alternative and sustainable route to the canal given the levels of safety and maritime services it provides.
Rabie made the remarks during a ceremony organised by the maritime transport sector of the Transport Ministry under the theme “From policy to implementation: Enhancing maritime excellence.”
Expanding services and diversifying revenue
The Suez Canal Authority is working to diversify its revenue sources by localising the manufacture of marine units, developing shipyards and affiliated companies, forming partnerships with the private sector and expanding the marketing of its products in international markets.
The authority has expanded the range of services provided to transiting vessels to include shipbuilding and repair, refuelling, maritime medical assistance and crew changes.
The authority is also participating in the development of several Arab and African ports. Rabie said it had contributed to the development and reopening of Sirte Port after 14 years of closure.
