File Photo: Cargo ships passing through the Suez Cannel. Photo courtesy of SCA.
In late March, Rabie said 166 ships switched back from the Cape of Good Hope route to the Suez Canal following Gaza's brief ceasefire, which helped reduce tensions in the Red Sea.
This resurgence comes after months of severe disruption caused by the Houthis' attacks in the Red Sea in solidarity with the Palestinians against the Israeli war on Gaza.
These attacks have compelled several vessels to divert their routes from the Suez Canal, opting for longer alternatives such as the Cape of Good Hope.
As a result, according to the SCA chief, revenue from the canal declined sharply by 60 percent in 2024, with losses amounting to $7 billion.
SCA projects
Speaking to Al-Qahera News TV channel, Rabie said the SCA has partnered with Saudi and Jordanian companies in port dredging and shipbuilding.
"We are partnering with foreign companies to benefit from their expertise in various sectors such as maintenance, shipbuilding, and aquaculture," he added.
He further noted that the SCA launched a project to build floating docks for ship berthing and established a training centre specialised in training sailors, staff, and engineers.
Additionally, Rabie highlighted ongoing plans to add new services in the Suez Canal, such as fuel supply, maritime rescue, marine ambulance, and crew replacement.
"We are cooperating with other countries in port repair and maintenance. The Port of Sirte in Libya, which resumed operations in February after a 14-year closure, is a case in point," he said.
In conclusion, Rabie affirmed that the Suez Canal will continue its pivotal role in enhancing maritime navigation.
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