Rise in Suez Canal Revenue with Navigation Recovery after Ceasefire in Gaza

SadaNews - The Suez Canal Authority announced yesterday, Tuesday, a 14.2% year-on-year increase in canal revenues for the period from July to October 2025, driven by the stabilization of conditions in the Red Sea and the recovery of navigation after the ceasefire in Gaza.

The head of the authority, Lieutenant General Osama Rabie, stated that the number of vessels transiting the canal in October alone reached 229 ships, the highest monthly number since the beginning of the crisis in the region, noting a relative improvement in traffic volumes and cargo during the past months.

Rabie added during his meeting with representatives of 20 shipping companies in the city of Ismailia that the canal saw the transit of 4,405 ships carrying 185 million tons of cargo between July and October, compared to 4,332 ships and 167.6 million tons during the same period last year.

He explained that the positive atmosphere following the Sharm El-Sheikh summit concerning the future of Gaza contributed to the return of several shipping companies to use the vital waterway, urging global shipping companies to conduct trial voyages to restore confidence.

According to the authority, the French shipping company “CMA CGM” has resumed its transit with two large container ships, while other companies like “MSC”, “Evergreen”, and “Cosco” are considering expanding their activities via the canal amid a decrease in risks in the Red Sea.

The Suez Canal is the fastest maritime route between Europe and Asia and is one of the most significant sources of hard currency for the Egyptian economy, which has faced increasing financial challenges since the onset of the regional crisis and the decline in traffic earlier this year.