Suez Canal August revenues rise to US$567.1M
Revenue growth follows the gradual return of shipping services to the Suez Canal.
EGYPT – The Suez Canal recorded the transit of 1,358 vessels with a total net tonnage of 68.3 million tons in August 2026, generating revenues of US$567.1 million, according to Suez Canal Authority Chairman Admiral Osama Rabie.
The figures represent increases of 27% in vessel numbers, 51.1% in net tonnage and 56.7% in revenues compared with August 2025, when the canal recorded 1,070 vessels, 45.2 million tons of net tonnage and US$326 million in revenues.
Strategy and services
Admiral Rabie, Suez Canal Authority Chairman, said the authority has addressed geopolitical shifts through flexible policies and a strategy to transform the Suez Canal into a global economic hub within the maritime transport and services industry.
The strategy focuses on localizing the maritime industry and expanding the integrated maritime services ecosystem.
The authority has introduced maritime services for shipping-line clients during vessel transits, including shipbuilding and repair, marine bunkering, marine ambulance services, and crew changes.
In addition, the Suez Canal has diversified revenue streams by developing shipyards and affiliated companies and establishing private-sector partnerships.
Port development support
The Suez Canal Authority is supporting port development in Arab and African countries. For instance, Admiral Rabie cited the authority’s participation in developing and reopening the Port of Sirte after a 14-year closure.
The authority’s Marine Training and Simulation Academy has conducted modeling for the Port of Ras Al-Khair in Saudi Arabia, while negotiations are under way to model two ports in Namibia and provide training at the academy for groups of pilots and tugboat captains from the country.
Industry context
Revenue growth follows the gradual return of shipping services to the Suez Canal, with MSC partially restoring Suez Canal transits on its East-West services.
Meanwhile, Maersk and Hapag-Lloyd have transitioned four additional Gemini Cooperation services, AE5, AE11, AE12 and ME2, to the trans-Suez corridor. The carriers shifted these services from the Cape of Good Hope routing in 2026.
Finally, Admiral Rabie said the canal remains safe, navigation is proceeding regularly, and services are operating efficiently, with SCA pilots continuing to perform with high levels of competence and readiness.
Sign up HERE to receive our email newsletters with the latest news and insights from Africa and around the world, and follow us on our WhatsApp channel for updates.
