Suez Canal income hits recent high
Suez Canal revenues increased to $1.26 billion in the second quarter of 2026, a 13% rise compared to the first quarter. The number of passing ships grew by 7.7% to reach 3,580 vessels, while cargo volume rose to 169 million tons — the highest seasonal level since the beginning of the year. This increase coincided with disruptions in global shipping routes following the closure of the Strait of Hormuz due to the Iran conflict, which led to higher transit rates through the canal and boosted its revenues. On an annual basis, the number of ships rose by 16.5%, and cargo volume increased by 37.9%, resulting in total revenues of $4.6 billion during the last fiscal year.
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