Speaking Sunday at the 14th annual International Maritime Transport and Logistics Conference (MARLOG), Rabie projected more shipping lines to return to the canal as regional stability improves following the Hamas-Israel ceasefire, which was enacted on 19 January.
The SCA chairman emphasized the organization's commitment to enhancing the waterway's operational efficiency and client services.
Held from 23 to 25 February in Alexandria, MARLOG is a key platform for discussing the future of maritime transport and logistics sectors.
In 2024, Suez Canal revenues dropped by 60 percent- $7 billion, as shipping companies rerouted vessels to the Cape of Good Hope amid Houthi attacks on Israel-linked ships in the Red Sea.
Rabie noted that the drop in canal traffic and revenues disrupted global supply chains, emphasizing the need for international cooperation to maintain the uninterrupted flow of maritime traffic.
To mitigate the impact of these challenges on the canal, Rabie said the SCA implemented several strategic measures, including stabilizing transit fees and expanding its maritime and logistical services.
During his speech, Rabie reviewed the successful expansion of the canal's southern section and its integration into global trade routes.
This expansion enhances navigational safety, reduces the impact of water currents on transiting vessels, and increases the canal's transiting capacity from six to eight ships daily, said the SCA chairman.
In remarks on Wednesday, the SCA chairman stressed that the Red Sea disruptions highlighted the Suez Canal's critical role in ensuring stable global supply chains.
Rabie made this remark during a meeting with Gerard Mestrallet, France’s envoy for the India-Middle East-Europe Economic Corridor (IMEC).
The IMEC is a ship and rail route proposed at the 2023 G20 summit in New Delhi.
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