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Suez Canal prepares for full operations as trade flows return

Suez Canal prepares for full operations as trade flows return

Posted on January 23, 2025   |  

The Suez Canal is ready to handle full traffic and welcome major shipping lines as global trade improves.

Stability in the Red Sea and Bab al-Mandab regions has reopened shipping routes, helping global trade flow smoothly.

Ship traffic through the Suez Canal fell by 51% in Q1 FY 2024/2025 compared to the same time last year.

Suez Canal revenues dropped 61.2% in Q1 FY 2024/2025, from $2.4 billion to $931.2 million.

In 2024, the Suez Canal’s annual revenue fell to $4 billion from $10.2 billion in 2023, while the number of ships dropped from 26,400 to 13,200.

The canal started receiving CMA CGM's EPIC service vessels on 23 January, connecting South Asia and Europe.

The Suez Canal will start using its expanded Small Bitter Lakes section in Q1 2025, adding a 10-kilometre stretch of double canal.

The Suez Canal is working on its "Green Suez Canal" project to promote sustainability and improve its shipping services.



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