Shipping Arabia, November 2, 2026 – The Suez Canal traffic recovery has gained momentum, with 305 cargo vessels transiting the waterway during October 19–25, 2026, carrying a combined tonnage of 27.6 million tons. According to Lloyd’s List Intelligence, the latest figures represent a 35% increase over the average weekly tonnage recorded in October 2025.
The data, released on October 29, indicates a significant improvement in shipping activity through the Egyptian waterway. However, despite the recovery, transit tonnage remained 36% below levels recorded before the Houthi-related Red Sea shipping crisis.
The figures highlight the progress made in restoring vessel traffic through the Suez Canal while demonstrating that shipping activity has yet to return to pre-crisis levels.
Ultra-Large Container Ships Lead Suez Canal Traffic Recovery
One of the most notable developments has been the increase in transits by ultra-large and megamax container ships.
According to Lloyd’s List Intelligence, more than 100 vessels in these categories have passed through the Suez Canal since the beginning of September 2026.
This figure has already exceeded the combined 99 transits recorded by ultra-large and megamax container ships throughout 2025 and the first eight months of 2026.
The increase represents a significant change in the movement of large container vessels through the Canal compared with the preceding 20-month period.
The latest statistics also suggest that the Suez Canal traffic recovery is becoming more evident in the large container ship segment, although overall transit tonnage remains below pre-crisis levels.
Europe-to-Asia Shipping Routes Support Recovery
Lloyd’s List Intelligence reported that much of the shipping traffic currently transiting the Suez Canal consists of vessels traveling from Europe toward Asian ports.
These vessels pass through the Mediterranean, Suez Canal and Red Sea before continuing toward their Asian destinations.
This routing offers an alternative to services sailing from Europe around the Cape of Good Hope, across the Indian Ocean and onward to Asian ports.
For container shipping operators, using the Suez Canal can provide operational advantages when passage through the Red Sea is considered safe.
A safe return to the Suez route can reduce sailing distances, fuel consumption and voyage durations compared with the longer journey around southern Africa.
However, Lloyd’s List Intelligence noted that individual shipping companies continue to determine their routing decisions according to their specific services and operational requirements.
Despite the improvement in weekly traffic and the increase in large container ship transits, the latest figures indicate that the Suez Canal has not yet fully recovered from the disruption associated with the Red Sea crisis.
The 35% increase in weekly tonnage compared with October 2025 demonstrates the scale of the recent improvement. Nevertheless, the remaining 36% shortfall against pre-crisis levels underscores the difference between the current recovery and a complete return to previous traffic volumes.
Future routing decisions by container shipping companies will remain an important factor in determining how much traffic continues to move through the Suez Canal rather than around the Cape of Good Hope.
Shipping Arabia, November 2, 2026 – The Suez Canal Authority (SCA) and Belgium’s DEME Group are exploring new cooperation opportunities in dredger maintenance, marine unit repairs and dredger hull construction. The discussions build on a partnership spanning more than 70 years in dredging and marine engineering.
SCA Chairman and Managing Director Adm. Ossama Rabiee met with DEME Group Area Director Eng. Amedeo Peyron at the Authority’s headquarters, the Al-Irshad building, in Ismailia. The meeting also included DEME Area Manager Eng. Wael El Alfy and SCA Dredging Department Director Eng. Tarek Gharib.
Suez Canal Authority and DEME Discuss Shipyard Cooperation
During the meeting, Rabiee expressed appreciation for the longstanding strategic partnership between the two organizations. He emphasized the SCA’s commitment to maintaining close coordination with DEME while keeping pace with the latest international developments in dredging technology.
The discussions addressed potential cooperation in maintaining and repairing dredgers and other marine units at SCA shipyards. Both sides also explored opportunities for cooperation and partnerships in dredger hull construction.
These areas represent potential opportunities to extend their existing relationship beyond dredging operations into vessel maintenance, repair and construction activities.
SCA Expands Dredging Fleet Capabilities and Operations
Rabiee highlighted the SCA’s fleet modernization program, particularly the addition of the dredgers MOHAB MAMISH and HUSSEIN TANTAWY. He described the two vessels as the latest and largest dredgers in the Middle East.
Both dredgers have participated in the Suez Canal’s southern sector development project, demonstrating their role in the Authority’s ongoing waterway development activities.
The SCA has also expanded the operational scope of its dredging fleet beyond the Canal itself. Its dredgers now participate in major national infrastructure projects, including the development of Egyptian ports and lake clearing operations.
This broader deployment reflects the Authority’s growing involvement in dredging and marine infrastructure projects across Egypt.
DEME Highlights Longstanding Partnership and New Suez Canal Project
Peyron reaffirmed DEME Group’s interest in pursuing further cooperation with the SCA, highlighting the opportunities created by their longstanding relationship. He expressed confidence in the Suez Canal and its development projects while identifying joint projects and technical expertise exchange as potential areas for future collaboration.
He also recalled DEME’s involvement in several Suez Canal development initiatives, particularly the New Suez Canal project.
According to Peyron, DEME deployed a fleet of 10 dredgers during the project and completed dredging works totaling 41 million cubic meters. The operation remains a significant example of cooperation between the Belgian marine engineering group and the Egyptian authority.
Peyron emphasized that the partnership provides a foundation for further joint activities and knowledge exchange in dredging and marine engineering.
At the conclusion of the meeting, Peyron presented a scale model of SPARTACUS, DEME Group’s latest dredger, to the Suez Canal Museum in Ismailia. The presentation marked the longstanding relationship between the two organizations.
Shipping Arabia, October 30, 2026 – The Suez Canal Authority (SCA) and Greece have discussed opportunities to expand Suez Canal maritime cooperation in industrial activities and logistics services, with a focus on attracting Greek investment to projects in the Canal region.
The discussions took place during a meeting between SCA Chairman and Managing Director Adm. Ossama Rabiee and Greek Ambassador to Egypt Nikolaos Papageorgiou. The meeting was held at the authority’s headquarters, the Al-Irshad building in Ismailia.
Both sides highlighted opportunities to strengthen economic and commercial relations through maritime industry partnerships, logistics development and the exchange of technical expertise.
Rabiee emphasized the importance of building on the close relationship between Egypt and Greece to expand cooperation in maritime industries and logistics services. He expressed his interest in strengthening partnerships that would support the exchange of expertise between the two countries.
The SCA chairman invited Greek companies operating in these sectors to explore cooperation opportunities with the authority. He highlighted the SCA’s development into an industrial base encompassing numerous affiliated shipyards and companies involved in maritime and industrial activities.
These capabilities provide potential areas for cooperation with Greek businesses seeking opportunities in the Suez Canal region. The discussions also reflected the two countries’ shared interest in expanding their maritime and commercial relationships.
Suez Canal Development and Maritime Competitiveness
Rabiee outlined the authority’s efforts to strengthen the Suez Canal’s competitiveness through the introduction of new maritime services and activities. These initiatives form part of a comprehensive development strategy that also includes improvements to the waterway and modernization of the SCA’s fleet of marine units.
He also highlighted the Canal’s ability to respond to successive crises and operational challenges. According to Rabiee, cooperation with organizations and stakeholders across the international maritime community has played an important role in maintaining the continuity of global supply chains.
The SCA chairman emphasized that continued development of maritime services and industrial capabilities remains central to the authority’s strategy.
Greece Reaffirms Suez Canal’s Importance to Global Trade
For his part, Ambassador Papageorgiou praised the progress achieved in the Canal’s maritime and logistics services. He described its development as an ongoing success story despite unprecedented challenges and turbulent conditions affecting maritime transport.
The ambassador reaffirmed that the Suez Canal remains a key pillar of the international maritime transport industry and an indispensable artery of global trade.
He also stressed the importance of greater geopolitical stability in the region. According to Papageorgiou, stable regional conditions are essential for maintaining steady vessel traffic through the Canal and supporting the sustainability of global supply chains.
Strengthening Egypt-Greece Economic Relations
Papageorgiou emphasized that relations between Egypt and Greece are strategic and rooted in deep historical ties. He expressed his commitment to strengthening economic and commercial cooperation between the two countries in the coming period.
A central priority, he explained, is attracting additional investment to projects in the Suez Canal region, particularly through closer engagement with businesses operating in relevant sectors.
The discussions highlighted the potential for broader Suez Canal maritime cooperation between Egypt and Greece, particularly in maritime industries, shipyard activities and logistics services.
Shipping Arabia, October 28, 2026 – The Suez Canal Authority (SCA) is expanding ship repair, tugboat manufacturing and marine services to diversify its revenue sources after Red Sea security disruptions caused an estimated $17 billion in losses over two and a half years. The strategy aims to reduce dependence on vessel transit fees while developing Egypt’s maritime industrial capabilities.
SCA Chairman Osama Rabie outlined the plans during a session on foreign exchange resources and debt management at the Egypt 2026 Forum. He explained that the authority is pursuing two parallel priorities: developing the Suez Canal waterway and marine fleet while expanding commercial activities that generate revenue beyond vessel transit fees.
Rabie said the authority is investing in shipyards, marine services and manufacturing facilities, with a particular focus on tugboats and ship repair. These activities form part of a broader effort to strengthen the SCA’s financial resilience during periods of reduced shipping traffic.
Suez Canal Revenue Declines Amid Red Sea Disruptions
Rabie revealed that Suez Canal revenue fell from $10.2 billion in 2023 to approximately $3.9 billion in 2024, following escalating regional tensions and attacks on commercial shipping. Revenue subsequently reached around $4.1 billion in 2025, remaining significantly below pre-crisis levels.
The security situation in the Red Sea and Bab el-Mandeb has prompted shipping companies to redirect vessels away from the canal. As a result, daily vessel transits declined from approximately 75–80 ships before the crisis to around 30 during the disruptions.
Rabie estimated that the cumulative impact of the crisis had cost the authority approximately $17 billion over two and a half years. The reduction in shipping traffic has also affected foreign currency inflows into Egypt.
The SCA has consequently intensified discussions with shipping lines, maritime agents, industry representatives and international organizations. These consultations focus on the implications of the crisis and the conditions necessary to restore traffic through the Red Sea and Bab el-Mandeb.
According to Rabie, the authority has emphasized that alternative routes, particularly the passage around the Cape of Good Hope, do not represent a sustainable replacement for the Suez Canal. He highlighted the canal’s competitive advantages in transit time and cost, while stressing that improved regional security would support the return of vessels.
The authority is also exploring additional services for shipping companies that continue operating through the region despite the security challenges.
Expanding Marine Services and Ship Repair Operations
A central element of the Suez Canal revenue diversification strategy involves expanding the range of services available to commercial vessels. The SCA is developing capabilities in maritime salvage, towage, maintenance, ship repair, crew changes, marine ambulance services and waste collection.
Rabie said these activities provide opportunities to generate additional income while strengthening the authority’s ability to respond to maritime emergencies.
He highlighted the case of the Greek-owned bulk carrier ZOGRAFIA, which sustained damage following a missile attack near Bab el-Mandeb. The authority deployed salvage and towing resources to assist the vessel and transfer it to Suez Shipyard for repair.
The operation demonstrated how the SCA can use its existing maritime assets and technical capabilities to support vessels facing emergencies in the region. Rabie also emphasized the importance of such services in strengthening the canal’s reputation among international shipping companies.
Beyond the Suez Canal, the authority has undertaken marine infrastructure and ship repair assignments in other markets.
One example involved the rehabilitation of Libya’s Port of Sirte. The SCA deployed dredging equipment to undertake clearance and dredging operations, helping reopen the port after approximately 14 years of closure.
The authority has also carried out ship repair work for vessels belonging to companies operating in the Arab region. Some of these activities have led to annual contracts for repair services.
Discussing the financial contribution of activities outside vessel transit fees, Rabie cited returns of approximately $928 million and EGP 141 billion during the period addressed in his remarks.
Shipyard Development and Tugboat Export Manufacturing
The SCA is expanding its maritime industrial operations through shipyard development, new manufacturing facilities and cooperation with private-sector partners.
Rabie said the authority has worked to establish six new companies as part of its industrial and service development plans. These include partnerships with private businesses, government entities and specialized companies.
The initiative supports efforts to localize maritime manufacturing, strengthen domestic production and create additional sources of foreign currency revenue.
Shipyard development is underway at facilities in Port Said, Suez and Safaga. The investments aim to improve Egypt’s capabilities in shipbuilding, vessel maintenance, repair operations and tugboat construction.
The authority is also developing manufacturing facilities for tugboats, yachts and other maritime-related products. These projects are intended to increase local industrial content while opening opportunities to serve international markets.
Rabie announced that the SCA had exported two tugboats to an Italian company, each with a bollard pull of 90 tons. He described the exports as evidence of the potential for Egyptian maritime manufacturing to become a source of foreign currency revenue.
In addition, the authority plans to establish a factory specifically dedicated to manufacturing tugboats for export. Once completed, the facility is expected to target annual production of approximately 30 tugboats.
The proposed factory forms part of the authority’s strategy to increase maritime industrial exports and expand its international customer base.
Previous Crises Shape the SCA’s Diversification Strategy
Rabie placed the current Red Sea disruption within the context of several major challenges that have affected the canal in recent years.
During the COVID-19 pandemic, the authority introduced a flexible marketing policy that included transit fee discounts ranging from 45% to 75% for selected vessel categories.
The incentives targeted ships that did not ordinarily use the canal, including certain liquefied natural gas carriers and vessels operating on alternative routes. The objective was to attract additional traffic and offset some of the effects of the slowdown in global maritime trade.
Rabie also referred to the grounding of the container ship EVER GIVEN in March 2021, which blocked the canal for six days and generated estimated losses of approximately $90 million.
He said the authority used a combination of dredging and maritime salvage techniques to refloat the vessel. The operation avoided a potentially much longer disruption, with initial estimates suggesting that the salvage process could take several months.
Following the reopening, the SCA reorganized the passage of approximately 422 vessels that had accumulated in the Mediterranean and Red Seas. Working around the clock, the authority cleared the backlog in approximately four days.
These experiences, Rabie explained, demonstrated the importance of operational flexibility and the ability to respond quickly to unexpected developments affecting maritime traffic.
Continued Investment in Canal Infrastructure and Maritime Industries
Despite the decline in transit volumes, the SCA intends to continue developing the canal waterway and renewing its marine fleet.
Rabie said these investments remain essential to improving operational efficiency and maintaining the canal’s competitiveness. At the same time, expanding industrial production and marine services will help the authority manage fluctuations in global shipping activity.
The approach combines traditional canal operations with shipbuilding, repair services, towage, salvage and other maritime activities that can generate revenue independently of transit volumes.
Rabie emphasized that the authority’s strategy is not limited to waiting for vessel traffic to recover. Instead, it seeks to make better use of existing assets, develop local maritime industries and establish additional commercial activities.
The recovery of Red Sea and Bab el-Mandeb shipping remains closely linked to improvements in regional security. Meanwhile, the authority is pursuing broader maritime revenue streams to reduce its exposure to geopolitical disruptions and fluctuations in canal traffic.
Shipping Arabia, October 25, 2026 – Hapag-Lloyd expects additional shipping services to return to the Suez Canal in the coming period, beyond the two Asia-Europe services already operating through the waterway. The carrier is closely monitoring Red Sea security conditions and maritime safety indicators as it evaluates further adjustments to its sailing schedules.
The development emerged during a meeting on October 20 between Suez Canal Authority (SCA) Chairman Adm. Ossama Rabiee and Juan Pablo Richards, Hapag-Lloyd’s Senior Managing Director for Region South Europe. The meeting took place at the Authority’s headquarters in the Irshad Building in Ismailia, where both sides discussed strengthening cooperation and the potential return of more shipping services.
The discussions also addressed the SCA’s ongoing development of navigation services, fleet modernization and opportunities for future cooperation in maritime training.
Hapag-Lloyd Expects Additional Suez Canal Services to Return
During the meeting, Richards confirmed that Hapag-Lloyd continues to monitor developments in the Red Sea region and maritime safety indicators. These assessments will guide the shipping line’s decisions on adjusting and updating its sailing schedules.
He indicated that the gradual return of vessel transits through the Bab el-Mandeb Strait and the Suez Canal could support further changes to the carrier’s service network.
According to Richards, additional Hapag-Lloyd Suez Canal services are expected to return in the coming period. These would complement the two existing Asia-Europe services already operating through the waterway.
However, the discussions did not establish a specific timetable for the return of additional services.
Richards also expressed appreciation for the longstanding cooperation between Hapag-Lloyd and the Suez Canal Authority. He acknowledged the notable improvements in services provided by the SCA to the maritime transport industry and expressed hope that navigation indicators would continue to improve.
His remarks reflected the importance of maritime safety conditions in determining the pace at which Hapag-Lloyd adjusts its operations through the Red Sea and Suez Canal.
Suez Canal Authority Reaffirms Readiness for Returning Shipping Services
Adm. Rabiee reaffirmed the Suez Canal’s readiness to accommodate shipping services seeking to resume transits through the waterway.
He highlighted the Authority’s continued efforts to develop navigation services and modernize its fleet to meet the operational requirements of shipping lines and other maritime customers.
The SCA Chairman also expressed hope for the full return of Hapag-Lloyd’s services to the Canal.
Rabiee emphasized the importance of the Suez Canal to the sustainability of global supply chains, particularly amid geopolitical challenges and rapid changes affecting the international shipping industry.
His remarks underscored the Authority’s commitment to maintaining the Canal’s operational capabilities and service standards as shipping lines reassess their transit arrangements.
The meeting provided an opportunity for both parties to review the prospects for additional Hapag-Lloyd Suez Canal services while discussing the Authority’s preparations to accommodate returning traffic.
SCA and Hapag-Lloyd Explore Maritime Training Cooperation in Damietta
Beyond vessel transits, the meeting explored opportunities to expand cooperation between the Suez Canal Authority and Hapag-Lloyd into new areas.
Richards highlighted a potential collaboration between the SCA’s Maritime Training and Simulation Academy and the Damietta Alliance Container Handling “Tahya Misr 1” Terminal at Damietta Port.
The proposed cooperation would focus on providing training for ship masters, drawing on the Academy’s maritime training and simulation capabilities.
Hapag-Lloyd is a major investor in the Damietta Alliance Terminal, creating an opportunity to explore training cooperation involving the terminal and the SCA’s specialized maritime training facilities.
The discussions identified maritime training as a possible additional area of cooperation between the shipping line and the Authority. No specific implementation arrangements or timetable for the proposed initiative were announced.
Senior Officials Attend Cooperation Discussions
The meeting was attended by Eng. Marwan El-Sammak, Chairman of Hapag-Lloyd’s Egypt operations, alongside senior officials from the Suez Canal Authority.
SCA representatives included Dr. Fathy Abdel Bary, Director of the Planning, Research and Studies Department, and Eng. Abdel Rahman Ramadan, Director of the Transit Department.
Their participation brought together officials responsible for commercial relations, planning and vessel transit operations as the two organizations examined opportunities to strengthen their cooperation.
The discussions covered both the potential return of additional Hapag-Lloyd shipping services and future collaboration in maritime training, reflecting the broader scope of the relationship between the Suez Canal Authority and the carrier.
Shipping Arabia, October 24, 2026 – A.P. Moller-Maersk is working to accelerate the return of its shipping services to the Suez Canal, with the Group anticipating that all its services could resume transiting the waterway by March 2027. The development follows discussions with the Suez Canal Authority (SCA) on the gradual restoration of Maersk’s shipping network through the Egyptian waterway.
The discussions took place on October 20 during a video conference between SCA Chairman and Managing Director Adm. Ossama Rabiee and senior Maersk executives. Participants included Rabab Boulos, Chief Operating Officer and Executive Board member of A.P. Moller-Maersk; Ahmed Hassan, Vice President of Operations; and Hani El-Nady, the Group’s representative in the Middle East and North Africa.
The meeting focused on strengthening cooperation between the two organizations and reviewing Maersk’s navigation plans and sailing schedules through the Suez Canal during the coming months.
Maersk Suez Canal Transits Rise Sharply in 2026
According to figures presented by the Suez Canal Authority, Maersk-affiliated vessels completed 276 transits through the waterway between January and September 2026, generating a combined net tonnage of 23.3 million tons.
During the corresponding period in 2025, the Canal recorded 146 Maersk-affiliated transits, representing a total net tonnage of 7 million tons.
These figures indicate an approximately 89% year-on-year increase in vessel transits. Meanwhile, the combined net tonnage more than tripled, reflecting a substantial increase in Maersk-affiliated shipping activity through the Canal.
Rabiee highlighted the increase as evidence of the ongoing return of Maersk’s shipping services. He also emphasized the longstanding strategic partnership between the Suez Canal Authority and the shipping group.
The figures reflect the progress achieved during the first nine months of 2026, while discussions continue over the return of additional Maersk services in the coming period.
Maersk Anticipates Full Service Restoration by March 2027
During the meeting, Boulos praised the longstanding relationship between Maersk and the Suez Canal Authority. She highlighted the return of several shipping services affiliated with the Group to the Suez Canal route.
Boulos expressed her expectation that all Maersk shipping services could return to the Suez Canal by March 2027. She also reaffirmed that the waterway remains the Group’s preferred navigation route, emphasizing the strategic relationship between both organizations.
Meanwhile, Hassan confirmed that Maersk continues to update its navigation schedules. These adjustments are intended to accommodate the return of additional shipping services through the Canal in the coming period.
El-Nady also stressed that Maersk is working to accelerate the restoration of its shipping services to the Suez Canal route.
The statements underline the Group’s intention to increase its use of the waterway while continuing to review its operational schedules.
Suez Canal Highlights Economic and Navigational Advantages
Rabiee also addressed the impact of current geopolitical developments on international shipping, particularly their influence on fuel prices and freight rates.
He emphasized that these developments reinforce the strategic importance of the Suez Canal for global maritime transportation.
According to Rabiee, the Canal offers significant savings for large container vessels compared with navigating around the Cape of Good Hope. He also highlighted the navigational safety advantages associated with using the Suez Canal route.
The SCA chairman presented these factors as important considerations for shipping lines reviewing their route choices amid changing geopolitical and commercial conditions.
The discussions also reflected the strategic importance both organizations attach to their longstanding cooperation, particularly as Maersk continues adjusting its service network.
SCA and Maersk Agree to Continue Discussions
At the conclusion of the meeting, the Suez Canal Authority and Maersk agreed to hold further bilateral discussions to strengthen cooperation.
The continued dialogue will focus on supporting the return of additional Maersk shipping services and coordinating future navigation arrangements through the Canal.
With Maersk-affiliated transits already showing substantial year-on-year growth, the Group’s anticipated return of all services by March 2027 represents the next objective in its ongoing discussions with the Suez Canal Authority.
Shipping Arabia, October 23, 2026 – The Suez Canal Authority (SCA) has revised its transit fee settlement rules, introducing a six-month eligibility period and requiring vessels to submit missing documentation no later than their third transit through the canal. The amendment establishes clearer conditions for recalculating fees from previous passages based on Suez Canal Net Tonnage (SCNT).
The changes amend Clause 3 of Article 92 of the Suez Canal Rules of Navigation and Transit, issued in December 2020. They specifically address vessels that complete outstanding documentation during subsequent transits and seek settlement of charges relating to earlier passages.
Suez Canal Transit Fee Settlement Based on Net Tonnage
Under the amended provisions, vessels may have previous transit fees recalculated based on Suez Canal Net Tonnage when they submit documents that were not provided during earlier passages. However, the settlement remains subject to the conditions established under the revised regulations.
The amendment sets the third transit as the latest opportunity for submitting outstanding documentation. Consequently, vessels seeking to settle charges from previous passages must complete the required documentation within this limit.
The revised provision also establishes a specific period covering earlier transits eligible for settlement. This creates a defined regulatory framework for handling fee adjustments when the necessary documents become available after an initial passage.
Two Conditions Govern Transit Fee Settlements
The SCA has established two requirements that vessels must meet to qualify for settlement under the amended rules.
First, vessels must submit all outstanding required documentation no later than their third transit through the Suez Canal.
Second, the previous transits covered by the settlement must fall within a six-month period beginning on the day after the vessel’s first transit through the canal.
Both conditions must be satisfied for the settlement provisions to apply. The amendment therefore links eligibility to the number of canal passages and the time elapsed since the vessel’s first transit.
Revised Rules Clarify Documentation and Settlement Procedures
The changes aim to regulate how transit fees are settled when vessels complete missing documentation during subsequent passages.
By establishing a maximum transit limit for document submission and a defined six-month settlement window, the SCA has clarified the conditions governing the recalculation of previous transit charges.
The amendment forms part of the authority’s regulatory framework for vessels navigating the Suez Canal. These regulations govern transit procedures, documentation requirements, and the calculation and settlement of canal transit fees.
Shipping Arabia, October 19, 2026 – Suez Canal container ship transits recorded a sharp increase between July and September 2026, with 166 medium-sized and mega vessels passing through the waterway, compared with just 16 during the same period in 2025. The figures were announced by the Suez Canal Authority (SCA) as senior officials held discussions with CMA CGM on strengthening cooperation and encouraging the return of international shipping services.
The vessels generated a combined net tonnage of 29 million tons during the three-month period, compared with 2.4 million tons a year earlier. According to the SCA, the increase reflects higher transit volumes among medium-sized and mega container vessels, including ships exceeding 130,000 tons.
Suez Canal Container Ship Transits Show Strong Growth
SCA Chairman and Managing Director Adm. Ossama Rabiee presented the latest navigation figures during a video conference with Christine Cabau, CMA CGM Executive Vice President for Assets and Operations, and Tariq Zaghloul, CMA CGM Egypt and Sudan Cluster CEO.
The meeting, held on October 13, formed part of ongoing consultations between the Authority and the French shipping group. Discussions focused on CMA CGM’s navigation policies through the Suez Canal, opportunities for future cooperation, and efforts to encourage international shipping lines to fully restore their services through the waterway.
Rabiee emphasized the Suez Canal’s strategic importance to containerized trade, highlighting the operational savings achieved through shorter sailing distances and reduced transit times. He also stressed the Canal’s role in supporting economies of scale for container vessels.
According to Rabiee, the Suez Canal can accommodate 100% of the global container ship fleet, reinforcing its importance to international container shipping operations.
CMA CGM Reaffirms Long-Term Commitment to Suez Canal
During the discussions, Cabau reaffirmed CMA CGM’s long-standing strategic partnership with the Suez Canal Authority and expressed the group’s commitment to strengthening future cooperation.
She stated that CMA CGM continues to resume its maritime operations through the Canal, viewing the waterway as a permanent and sustainable shipping route.
Meanwhile, Rabiee highlighted the growing pressures facing global supply chains and their direct effects on fuel prices and freight rates. He emphasized the importance of maintaining efficient maritime transport routes amid these challenges.
The SCA Chairman also reaffirmed the Authority’s commitment to supporting shipping customers through an integrated package of maritime and logistics services. He described the Canal as the fastest, shortest, most efficient, and most sustainable shipping route, emphasizing its operational advantages for international trade.
CMA CGM PANTHEON Completes Maiden Suez Canal Transit
The discussions coincided with the maiden Suez Canal transit of the mega container ship CMA CGM PANTHEON, which passed through the waterway on October 13 as part of the north convoy.
The vessel was sailing from Morocco to Malaysia and recorded a net Suez Canal tonnage of 221,000 tons.
Another CMA CGM container ship, CMA CGM MONTE CRISTO, also transited the Canal as part of the same convoy.
The latest vessel movements come as the Suez Canal Authority continues its consultations with major shipping lines to strengthen cooperation and encourage the full restoration of international shipping services through the Canal.
Shipping Arabia, October 18, 2026 – The Suez Canal Authority (SCA) and Monaco Yacht Club have signed a cooperation protocol to strengthen the marketing, management and environmental sustainability of yacht marinas in Ismailia and Al-Alamein. The agreement aims to attract international yacht owners, improve marina services and support Egypt’s efforts to expand its position in the global yacht tourism market.
The signing ceremony took place at the SCA’s headquarters in Cairo in the presence of Admiral Ossama Rabiee, Chairman and Managing Director of the Suez Canal Authority. The protocol establishes a framework for cooperation in marina promotion, innovation, sustainability and the adoption of international best practices in resource management and marine environmental protection.
The partnership also seeks to leverage Monaco Yacht Club’s international network and industry expertise to attract new clients to Egypt’s yacht marinas and strengthen the country’s presence in the international yachting sector.
Promoting Suez Canal Authority Yacht Marinas to International Clients
A central objective of the agreement is to promote the Suez Canal Authority’s yacht marinas in Ismailia and on Egypt’s North Coast. The cooperation will draw on Monaco Yacht Club’s experience in the international yachting industry to expand awareness of the facilities and reach potential customers.
Monaco Yacht Club serves as an international meeting point for yacht owners and maritime industry professionals. Its membership exceeds 2,500 people representing 80 nationalities, providing an established network of stakeholders involved in yacht ownership, maritime services and tourism.
The Suez Canal Authority has already pursued international marketing opportunities through its participation in the Monaco Yacht Show in recent years. These appearances have allowed the Authority to showcase its marina services and establish direct communication channels with yacht owners and companies operating in the yachting industry.
The new protocol builds on an existing relationship between the two organizations. Last year, the SCA and Monaco Yacht Club signed an earlier cooperation agreement covering marina marketing and the exchange of technical and administrative expertise.
The latest agreement extends this cooperation to additional areas related to sustainable marina operations and environmental management.
Sustainability and International Marina Management Standards
Beyond marketing, the cooperation protocol addresses innovation, operational sustainability and the implementation of best practices in marina management.
The agreement includes collaboration on resource management and marine environmental protection, reflecting the partners’ intention to incorporate sustainability considerations into the development and operation of yacht marina facilities.
Through the exchange of expertise and international practices, the two organizations aim to support the development of marina services while improving operational standards.
These efforts form part of the SCA’s broader strategy to develop its yacht marinas into facilities capable of serving the international yachting market.
Egypt Targets Growth in Mediterranean Yacht Tourism
During the signing ceremony, Admiral Ossama Rabiee expressed his intention to strengthen cooperation with Monaco Yacht Club as part of the Suez Canal Authority’s strategy to develop world-class yacht marinas.
He emphasized the importance of capitalizing on Egypt’s geographical location and the services available at its marina facilities to position the country as an international destination for yacht tourism.
Rabiee also highlighted the Authority’s role in implementing the Egyptian government’s strategy to maximize the economic benefits of yacht tourism and increase foreign currency revenues.
He pointed to the growth of the global yacht tourism industry, particularly in the Mediterranean region, which remains one of the world’s most attractive destinations for recreational yachts.
The SCA considers the development and international promotion of its yacht marinas an important component of Egypt’s efforts to benefit from this expanding tourism segment.
For his part, Bernard d’Alessandri, Secretary-General of Monaco Yacht Club, praised the Suez Canal Authority’s efforts to develop marina facilities in Ismailia and Al-Alamein.
He highlighted the maritime and logistics infrastructure available at the two locations, along with the services provided to yacht owners and other marina clients.
Monaco Delegation Visits Al-Alamein Yacht Marina
The cooperation protocol was formally signed by Capt. Mohamed Mohsen on behalf of the Suez Canal Authority and Bernard d’Alessandri on behalf of Monaco Yacht Club.
The ceremony was also attended by Audrey Luciani, Executive Director of M3 (Monaco Marina Management), reflecting the involvement of marina management expertise in the discussions.
Following the signing, the Monaco Yacht Club delegation visited Al-Alamein Yacht Marina, located at kilometer 92 on Egypt’s North Coast.
The visit provided an opportunity for the delegation to examine the marina’s facilities, review the services available to yacht owners and explore potential areas for further cooperation.
The agreement reinforces the ongoing relationship between the Suez Canal Authority and Monaco Yacht Club, combining international marketing expertise with initiatives focused on marina management and environmental sustainability.
Through this cooperation, the SCA aims to strengthen the international visibility of its marina facilities and support Egypt’s ambitions to attract more yacht tourism activity.
Shipping Arabia, October 16, 2026 – The Suez Canal Authority (SCA) and Sri Lanka have discussed opportunities to strengthen maritime cooperation with Sri Lanka across shipbuilding, port operations, marine construction, logistics and specialized training. The discussions also covered potential partnerships between SCA-affiliated companies and Sri Lankan maritime businesses, alongside investment opportunities in the Suez Canal region.
SCA Chairman Adm. Ossama Rabiee met with Sri Lanka’s Ambassador to Egypt, Sisira Senavirathne, on October 7 at the authority’s Pilotage Building in Ismailia. The meeting focused on expanding bilateral cooperation and exchanging expertise in areas of mutual interest.
Rabiee welcomed the growing ties between Egypt and Sri Lanka, noting that both countries share a strong interest in maritime affairs. He said this common focus creates opportunities for collaboration in maritime industries, logistics, training and other related activities.
Expanding Maritime Cooperation With Sri Lanka
During the meeting, Rabiee confirmed that the SCA’s affiliated companies and shipyards are ready to explore cooperation with Sri Lankan maritime companies and institutions. Potential areas include marine construction, port works, the construction of different types of marine vessels and units, fishing activities and logistics services.
The SCA chairman also highlighted the capabilities of the authority’s Maritime Training and Simulation Academy. He identified maritime training and specialized consultancy services as additional areas where Egyptian and Sri Lankan organizations could exchange expertise and develop cooperation.
These opportunities form part of wider discussions aimed at strengthening institutional and commercial links between the two countries’ maritime sectors. The talks addressed both industrial activities and services supporting maritime operations.
Suez Canal Strategy Focuses on Maritime Industries and Logistics
Rabiee outlined the SCA’s strategy to diversify revenue sources and improve the canal’s competitiveness. He said the authority has significantly expanded its activities and services as part of an integrated approach to developing its maritime business.
The strategy focuses on localizing maritime industries while developing and modernizing marine and logistics services. According to Rabiee, these initiatives aim to broaden the authority’s activities and strengthen the range of services available within the Suez Canal sector.
He also addressed the geopolitical challenges affecting maritime trade in the region. The SCA continues to engage with stakeholders across the shipping industry to coordinate efforts and reduce the impact of regional tensions on trade passing through the canal.
Rabiee emphasized that these efforts also support the continuity of global supply chains. Maintaining communication and cooperation with the maritime community remains part of the authority’s approach to addressing current challenges.
Sri Lanka Eyes Investment Opportunities and Maritime Partnerships
Ambassador Senavirathne expressed appreciation for Egypt’s efforts to manage the Suez Canal efficiently despite the challenges affecting the region. He also acknowledged the canal’s important role in facilitating international maritime trade.
The ambassador emphasized Sri Lanka’s interest in opening new channels for maritime cooperation and exchanging expertise with Egyptian institutions and businesses. He also highlighted his country’s interest in exploring investment opportunities associated with development projects in the Suez Canal region.
Senavirathne pointed to Egypt’s strategic geographical location and developing infrastructure as factors supporting its investment attractiveness. He noted that these advantages contribute to the country’s important position in global trade.
As part of efforts to strengthen business connections, the ambassador invited the SCA and its affiliated companies and shipyards to participate in Sri Lanka Expo 2027, scheduled for mid-January 2027.
The exhibition, focused on exports, international trade and industry, was presented as an opportunity for Egyptian and Sri Lankan companies to establish partnerships and exchange technical and commercial expertise.
At the conclusion of the meeting, Rabiee presented the Suez Canal Shield to the Sri Lankan ambassador. He also invited Senavirathne to take a maritime tour of the New Suez Canal and visit the Suez Canal Museum to learn more about the canal’s development achievements.
