North Africa: Egypt Declares Suez Canal Secure As August Revenue Surges to $567 Million
[Radio Dalsan] CAIRO -- Egypt's Suez Canal Authority (SCA) has declared the waterway safe, with maritime traffic flowing normally as August revenue rose 56.7 percent year-on-year to $567.1 million, up from $326 million in the same month of 2025. SCA Chairman Osama Rabie announced the figures during a ceremony in Alexandria marking World Maritime Day 2026, organized by the Maritime Transport…
The Suez Canal Authority (SCA) in Egypt has declared the waterway secure, noting an increase in maritime traffic and revenue for August 2026. According to SCA Chairman Osama Rabie, canal revenue surged 56.7 percent year-over-year to $567.1 million, up from $326 million in the same month last year. The authority reported that 1,358 vessels transited the canal in August 2026, a 27 percent increase from 1,070 vessels in August 2025, with net tonnage rising 51.1 percent to 68.3 million tonnes.
Despite this strong performance, traffic remains below pre-disruption levels, with an average of 40.8 vessels per day in the first eight months of 2026 compared to 73.7 per day in 2023. The Suez Canal, a crucial artery for global trade, links the Mediterranean Sea to the Red Sea, providing the shortest maritime route between Asia and Europe.
Written by urgent.news from AllAfrica's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
