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News
Suez Canal Traffic Rebounds as Vessel Numbers Rise 40%, Dollar Revenues Jump 50%
4+ hour, 30+ min ago (533+ words) The Suez Canal is showing clear signs of recovery, with the number of vessels transiting the waterway rising by 40% and dollar revenues increasing by 50% during the second half of 2026, Suez Canal Authority Chairman Osama Rabie said. Rabie said the recovery…...
Suez Canal Chief: Stronger Maritime Cooperation with Panama Canal Support Global Supply Chain
6+ day, 4+ hour ago (311+ words) Suez Canal Authority Chairman Admiral Osama Rabie has called for stronger maritime cooperation with the Panama Canal, saying closer coordination between the two strategic waterways could help strengthen the resilience and sustainability of global supply chains. Rabie made the remarks…...
U.S.-Egypt Ports Forum Highlights Maritime Innovation, Infrastructure & Global Supply Chain Resilience
1+ week, 5+ day ago (1443+ words) The forum was organized by the U.S. Commercial Service at the U.S. Embassy in Cairo and brought together U.S. and Egyptian government officials, decision-makers, maritime transport representatives and business leaders. The event was opened by U.S. Chargé d’Affaires Robert Silverman and U.S. Deputy…...
Saudi Arabia Reports Attack on NCC MASA Commercial Vessel
1+ mon, 1+ week ago (177+ words) Saudi Arabia’s General Transport Authority has reported that one of the country’s commercial vessels was targeted while sailing on Friday, resulting in minor damage to the ship’s hull. A responsible official at the authority said the vessel, NCC MASA, owned…...
Africa's Top 10 Largest Merchant Fleets
2+ mon, 1+ day ago (391+ words) New report highlights diverse models of maritime competitiveness across Africa, with Liberia leading by fleet size and Morocco leveraging world-class port infrastructure. July 4, 2026: Morocco has been ranked the 10th-largest merchant fleet owner in Africa in 2026, according to a new report…...
Suez Canal Chief, Saudi Ports Authority Head Discuss Expanded Cooperation in Maritime, Logistics | Sada Elbalad
6+ mon, 3+ week ago (360+ words) Osama Rabie, Chairman of the Suez Canal Authority (SCA) met with Suleiman bin Khalid Al-Mazroua, President of the Saudi Ports Authority (Mawani), to explore avenues for future cooperation in maritime and logistics services, shipbuilding, and port development. The meeting took…...
Up to 1,315 Vessels Transit Suez Canal with $449 Million in Revenues since Start of 2026 | Sada Elbalad
6+ mon, 3+ week ago (458+ words) Up to 1,315 vessels have transited the Suez Canal since the beginning of 2026, generating revenues of $449 million on total net tonnage of 56 million tons, according to Admiral Osama Rabie, Chairman of the Suez Canal Authority (SCA). Rabie made the remarks on…...
Suez Canal Authority: Positive Indicators Signal Imminent Recovery in Shipping Traffic | Sada Elbalad
7+ mon, 2+ week ago (455+ words) Egypt’s Suez Canal Authority (SCA) is witnessing clear signs of recovery in global shipping traffic, supported by improving security conditions in the Red Sea and the gradual return of major international shipping lines, according to SCA Chairman Admiral Osama Rabie....
Maersk Ends Two-Year Disruption, Returns to Red Sea, Suez Canal Route | Sada Elbalad
7+ mon, 2+ week ago (478+ words) Maersk, the world’s second-largest container shipping company, announced on Thursday it will resume transits through the Red Sea and the Suez Canal for one of its key services later this month, marking a significant step toward restoring normal global shipping…...