Egyptian President Abdel Fattah Al-Sisi met on Sunday with Osama Rabie, Chairperson of the Suez Canal Authority (SCA), to review recent developments in shipping traffic and the authority’s maritime development plans. Rabie told the president that the canal recorded a relative improvement and partial recovery in traffic during the second half of 2025, including the gradual return of ultra-large container vessels, as stability began to return to the Red Sea and upgrades to the canal’s southern sector were completed. He added that canal revenues are expected to improve further in the second half of 2026, as several shipping lines resume normal operations by the end of this year. The meeting also reviewed progress on the development of the South Red Sea shipyard, part of broader efforts to localise maritime industries and expand partnerships with the private sector. He also noted the completion of 10 river buses and plans to upgrade the SCA’s dredging fleet.

Source: Daily News Egypt January 18, 2026 18:46 UTC