Suez Canal revenues reach $449M YTD

Updated 2/9/2026 8:01:00 AM

Arab Finance: The Suez Canal recorded the transit of 1,315 vessels with a total net tonnage of 56 million tons since the beginning of 2026, generating revenues of $449 million, the Suez Canal Authority's (SCA) Chairman Osama Rabie announced.

This is compared with 1,243 vessels with a total net tonnage of 47 million tons and revenues of $368 million during the same period last year.

Rabie made the remarks while participating in the 15th annual International Maritime Transport and Logistics Conference (MARLOG), held from February 8 to 10.

The conference is organized by the Arab Academy for Science, Technology, and Maritime Transport under the auspices of the League of Arab States and in cooperation with the Ministry of Transport.

According to canal shipping statistics for the first half (H1) of the current fiscal year (FY) 2025/2026, the number of transiting vessels rose by 5.8%, while net tonnage increased by 16%, contributing to an 18.5% rise in revenues compared to the same period of the elapsed FY 2024/2025.

Addressing the Red Sea crisis in particular, Rabie said 2024 represented a year of intense testing and impact for the canal, while the last quarter of 2025 marked the beginning of a relative recovery.

Rabie also reviewed administrative and institutional developments implemented by the SCA as part of its 2030 strategy, which focuses on empowering young talent through advanced training programs, upgrading vocational training centers, establishing a Center for Innovation and Excellence, and further developing the Maritime Training and Simulation Academy.