Suez Canal revenue increased by 18.5% in the first half of the fiscal year (FY) 2025/26, Chairperson Osama Rabie said on Wednesday, as he declared conditions ready for the full return of global shipping lines to the waterway. “The circumstances are now strongly prepared for the return of all shipping lines,” Rabie said, describing the canal as the most sustainable route for global trade between East and West. Ahmed Mekkawi, representing Gulf Agency Company (GAC), reported increased inquiries from owners and charterers of Liquefied Natural Gas (LNG) vessels regarding Suez Canal transits. Meanwhile, Hany el-Salamouny of COSCO stated that global shipping lines recognise there is no sustainable alternative to the Suez Canal, given the high costs associated with the Cape of Good Hope route. Deputy Chairman Admiral Ashraf Atwa emphasised that the return of shipping lines is an “urgent necessity” to ensure the efficiency of global supply chains.

Source: Daily News Egypt January 21, 2026 16:52 UTC