Suez Canal revenue jumps 94% despite Houthi Red Sea threats
The Suez Canal Authority's chairman said that the waterway was witnessing “a remarkable improvement despite the geopolitical challenges in the region.”
Traffic and revenue through Egypt’s Suez Canal reached their highest monthly levels in October since Houthi attacks began disrupting Red Sea shipping in late 2023.
In a statement on Thursday, the Suez Canal Authority quoted its chairman, Osama Rabie, as saying that the waterway was seeing a “remarkable improvement despite the geopolitical challenges in the region.” He made the comments at a panel discussion organized by the Egyptian Businessmen Association, according to the statement.
Details: Revenue rose 94% year on year to $724 million in October, up from $373 million a year earlier, Rabie said. The canal handled 1,490 ships, a 32% increase from 1,128 in October 2025. Net tonnage climbed 86% to 88 million tons from 47 million.
The authority head said he expected the recovery to continue as major shipping lines return to the canal, given its critical role in global trade and supply chains.
