The Cabinet’s Media Center has dismissed circulating claims attributed to Prime Minister Mostafa Madbouly regarding Suez Canal losses of approximately $500 million per month

MSC has rerouted its Jade shipping service back through the Suez Canal and Bab Al Mandab, passing through King Abdullah Port in Rabigh, the Saudi Ports Authority (Mawani) announced.

The Egyptian Cabinet commented on a proposal by a public figure to transfer ownership of state-owned assets, including the Suez Canal, to the Central Bank of Egypt (CBE) in exchange for settling part of the government’s domestic debt.

Maersk and Hapag-Lloyd jointly announced a structural change to their Gemini Cooperation’s AE19 service, shifting the route from the Cape of Good Hope back to the Suez Canal and Red Sea

Danish shipping group Maersk has resumed a new shipping service across the Red Sea, as part of its plan for a gradual return to transiting the Suez Canal.

Maersk will resume transits through the Suez Canal on its Middle East–US East Coast (MECL) service, a shift in its network after months of rerouting vessels around the Cape of Good Hope due to regional security concerns

President Abdel Fattah El-Sisi reviewed navigation traffic and operational performance of the Suez Canal during fiscal year (FY) 2025/2026.

Oil tanker traffic through Egypt’s Suez Canal jumped by nearly one-third in April, as the Strait of Hormuz closure boosted demand for the Red Sea shipping route.

The giant cruise ship MSC Euribia, one of the world’s largest passenger vessels, made its first transit through the Suez Canal as part of a southbound convoy after passing through the Bab El-Mandeb Strait, the Suez Canal Authority (SCA) said.

The SUMED pipeline confirmed its position as a vital alternative route for exporting Gulf crude oil amid disruptions to maritime navigation through the Strait of Hormuz, the Egyptian cabinet cited Asharq Business.

Egypt lost around $10 billion (EGP 500 billion) in Suez Canal revenues amid regional instability, President Abdel Fattah El-Sisi revealed during the Egyptian Family Iftar held on March 14th.

Osama Rabie, Chairman of the Suez Canal Authority (SCA), confirmed that navigation through the Suez Canal is operating normally in both directions despite regional tensions.

Maersk will temporarily reroute some of its vessels away from the Suez Canal, citing “unforeseen constraints” in the Red Sea region.

Canal Shipping Agencies Co. and Trust Company for Trading and Supply to establish a joint venture for managing and operating specialized commercial vessels on a shipping route linking Egyptian ports with ports in East African countries.

The General Authority for Suez Canal Economic Zone (SCZONE) penned a cooperation protocol with Shaghalni, the fastest-growing recruitment platform for job seekers in Egypt.

Egypt’s economy grew to 5.3% in the second quarter (Q2) of fiscal year (FY) 2025/2026, marking its highest growth since Q3 FY2021/2022, Minister of Planning and Economic Development Ahmed Rostom revealed.

The Suez Canal recorded the transit of 1,315 vessels with a total net tonnage of 56 million tons since the beginning of 2026, generating revenues of $449 million.

The Egyptian economy showed a positive balance of payment (BoP) in the first quarter (Q1) of fiscal year (FY) 2025/26, with the current deficit falling by 45.2% to $3.2 billion from $5.9 billion a year earlier, according to the Central Bank of Egypt (CBE).

The Suez Canal has seen a 18.5% year-on-year (YoY) increase in revenues during the first half (H1) of fiscal year (FY) 2025/2026, the authority’s Chairman Ossama Rabie stated.

Maersk returned to the trans-Suez route for the MECL service, following improved stability in the Red Sea.