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Egypt said the Suez Canal remains “safe” and maritime traffic is operating normally, as August revenue rose 56.7% from a year earlier to $567.1 million.
Suez Canal Authority Chairman Osama Rabie announced the figures during a World Maritime Day 2026 ceremony in Alexandria organized by the Maritime Transport Sector of Egypt’s Transport Ministry.
Rabie said navigation through the canal remained stable and services were operating efficiently, with canal pilots carrying out their duties at high levels of readiness and professionalism.
According to navigation data, 1,358 vessels carrying 68.3 million metric tons of net cargo passed through the canal in August.
That compared with 1,070 vessels carrying 45.2 million metric tons in August 2025.
Rabie said the figures represented increases of 27% in vessel traffic, 51.1% in net cargo and 56.7% in revenue, which rose from $326 million to $567.1 million.
He said recent geopolitical crises had directly affected global supply chains but argued that the canal had again demonstrated its critical role in maintaining international trade flows.
The announcement comes as tensions continue around the Bab al-Mandab Strait, which links the Red Sea and Gulf of Aden and serves as a gateway to the Suez Canal.
Following Israel’s attacks on Gaza that began in October 2023, Yemen’s Houthi group targeted commercial vessels in the Red Sea and Bab el-Mandeb Strait, prompting major shipping companies to reroute vessels around the Cape of Good Hope.
Egyptian Foreign Minister Badr Abdelatty recently said Red Sea tensions had cost Egypt about $11 billion in lost Suez Canal revenue.
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