Cairo, Egypt — Egypt’s Suez Canal Authority (SCA) has officially declared the strategic waterway secure, confirming that maritime traffic is flowing normally following recent concerns. The announcement coincided with a significant financial milestone, as the canal’s revenue for August surged 56.7 percent year-on-year to reach $567.1 million.
The SCA Chairman, Osama Rabie, disclosed the financial figures during a ceremony held in Alexandria to mark World Maritime Day 2026. The event was organized by the Maritime Transport Sector of the Ministry of Transport, serving as a platform to highlight the operational stability and economic performance of the canal.
The August revenue of $567.1 million represents a substantial increase from the $326 million recorded during the same month in 2025. This sharp rise underscores the canal’s continued role as a vital artery for global trade, with the SCA emphasizing that current conditions allow for the safe and efficient passage of vessels.
By affirming the safety of the waterway, Egyptian authorities aim to reassure international shipping lines and stakeholders of the canal's reliability. The declaration comes at a time when the Suez Canal remains a critical component of global supply chains, linking the Mediterranean Sea to the Red Sea and facilitating trade between Europe and Asia.
The World Maritime Day 2026 ceremony in Alexandria provided a formal setting for these updates, reinforcing the government's commitment to maintaining the canal's operational integrity. The strong financial results for August suggest that normalcy has been fully restored to the waterway's daily operations.
<small>Source: AllAfrica — read the original story there.</small>
