Suez Canal revenues reached $449m since the beginning of 2026, marking a recovery following a ceasefire in Gaza that restored regional stability, Suez Canal Authority (SCA) Chairperson Osama Rabie said on Sunday.
The canal recorded the passage of 1,315 ships with a total net tonnage of 56m tons from January 1 to February 8, 2026. This compares to 1,243 ships, 47m tons, and $368m in revenue during the same period last year, Rabie stated during the opening of the 15th International Maritime Transport and Logistics Conference (MARLOG).
Navigation statistics for the first half of the 2025/2026 fiscal year showed a relative improvement, with the number of passing vessels increasing by 5.8% and net tonnage rising by 16%. These figures resulted in an 18.5% increase in revenue compared to the same period in the 2024/2025 fiscal year.
Rabie described 2024 as a “year of testing” due to significant impacts from Red Sea navigation disruptions. However, he noted that the last quarter of 2025 witnessed the start of a recovery following the Sharm El-Sheikh peace summit, which led to a ceasefire in Gaza and re-established calm in the region.
The Suez Canal has “redefined itself” as a sophisticated logistics system adopting comprehensive digital transformation, according to Rabie. He stated the waterway has become a global symbol of resilience against severe challenges, including the COVID-19 pandemic, the grounding of the Ever Given, the Russia-Ukraine war, and recent tensions in the Red Sea and Bab al-Mandab.
Under its 2030 strategy, the Suez Canal Authority has completed the development of the canal’s southern sector, which Rabie said has increased the navigational safety factor by 28%. The authority has also modernised its maritime service system, introducing crew change services and maritime ambulance and rescue operations. These capabilities were recently utilised in the rescue of the crew of the ship Fener at the entrance to Port Said.
The SCA’s industrial arm has also seen growth under a “Made in Egypt” initiative, resulting in a contract to export two tugboats to the Italian company NERI.
The MARLOG conference, held from February 8–10 under the theme “Smart and Resilient Logistics Corridors,” is organised by the Arab Academy for Science, Technology and Maritime Transport.
Attendees at the opening included Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Transport and Industry; Ahmed Khaled Hassan, Governor of Alexandria; Nidal Mardi, Jordan’s Minister of Transport; Marina Hadjimanolis, Cyprus’s Shipping Deputy Minister to the President; Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone; Ismail Abdel Ghaffar, President of the Arab Academy; and Akram El-Selmy, head of the organising committee. Following the opening session, Rabie inspected the Martech 2026 international maritime technology exhibition, featuring SCA-affiliated companies and shipyards.
