Suez Canal revenues reached $449m since the beginning of 2026, marking a recovery following a ceasefire in Gaza that restored regional stability, Suez Canal Authority (SCA) Chairperson Osama Rabie said on Sunday. The canal recorded the passage of 1,315 ships with a total net tonnage of 56m tons from January 1 to February 8, 2026. The Suez Canal has “redefined itself” as a sophisticated logistics system adopting comprehensive digital transformation, according to Rabie. Under its 2030 strategy, the Suez Canal Authority has completed the development of the canal’s southern sector, which Rabie said has increased the navigational safety factor by 28%. Following the opening session, Rabie inspected the Martech 2026 international maritime technology exhibition, featuring SCA-affiliated companies and shipyards.

Source: Daily News Egypt February 08, 2026 17:25 UTC