The Suez Canal expects a gradual increase in traffic from the end of March
Suez Authority's top director, Osama Rabie, expects a gradual normalization of traffic through the Egyptian shortcut through the desert starting at the end of March.
Full recovery is expected by mid-2025.
This is reported by GCaptain.
The statement comes after a significant decline in ship traffic due to the conflict in the Red Sea.
Rabie emphasizes that recovery depends on the continuation of the ceasefire in Gaza.
The conflict in Gaza has had a direct impact on shipping traffic, leading to a sharp decrease in the number of vessels passing through the canal.
This decline has had economic consequences for both Egypt and international trade routes that rely on the Suez Canal for fast and efficient transportation of goods between Europe, Asia, and Africa.
Osama Rabie, who has led the Suez Canal Authority for several years, has been a key figure in efforts to ensure the continued operation and success of the canal.
He previously faced challenges such as the blockage of the canal by the container ship Ever Given in 2021.
- We have seen a significant reduction in traffic through the Suez Canal due to the current conflict. This has had a negative impact on our revenues and the global supply chain, says Rabie.
