Suez Canal revenues set to rise by 89% by 2030
The Suez Canal is expected to see a remarkable increase in revenues over the next five years, with the International Monetary Fund (IMF) forecasting a rise from $6.3 billion in the fiscal year 2025/2026 to $11.9 billion by 2029/2030—an overall growth of 89 percent.
This projection was shared in a report released by the Egyptian Cabinet’s Media Center, highlighting a steady upward trajectory in annual revenues.
According to the forecast, the canal’s earnings will reach $8.2 billion in 2026/2027, $9.9 billion in 2027/2028, and $11.5 billion in 2028/2029.
This positive outlook comes despite ongoing geopolitical tensions, particularly in the Red Sea.
Yet, the Suez Canal has remained fully operational, as confirmed by Offshore Energy, which noted that maritime activity continued uninterrupted.
The canal has also introduced several new maritime services, such as marine rescue, water ambulance, pollution control, vessel maintenance and repair, and fuel supply—enhancing its role as a comprehensive and competitive global maritime hub.
Credit rating agency Standard & Poor’s anticipates a gradual normalization of shipping traffic through the canal in the coming months. Similarly, Fitch Solutions emphasized the benefits of the canal’s recent expansion, which became operational in the first quarter of 2025.
This upgrade has increased daily capacity by six to eight vessels and bolstered the canal’s emergency response readiness. As a result, a traffic rebound is expected during the current fiscal year.
Further signaling recovery, Lloyd’s List reported that several leading global shipping lines have resumed routing their vessels through the Red Sea, encouraged by recent improvements in regional security.
The Suez Canal Authority is reinforcing this shift by offering financial incentives and other benefits to encourage full resumption of transits through the canal.
Operationally, the Suez Canal has recorded several milestones since the start of 2025.
In February, it handled the complex towing of the ADMARINE260 rig and facilitated the first post-hiatus voyage of the oil tanker CHRYSALIS.
The car carrier AICC HUANGHU also made its debut passage through the canal, transporting 4,202 vehicles. In March, the oil tanker SOUNION was successfully towed by four tugboats operated by the authority.
By June, the canal had welcomed the giant container vessel CMA CGM JULES VERNE and executed a rapid recovery of the grounded diving ship RED ZED1 in just 60 minutes, with no damages reported.
Most recently, in July, one of the world’s largest car carriers, BYD XI’AN, completed its first journey through the canal.
These developments underscore the Suez Canal’s growing capacity, strategic flexibility, and importance in global shipping.
As it continues to enhance its infrastructure and services, the canal is poised to remain a cornerstone of Egypt’s economy and a major player in international trade.