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The team, Osama Rabie, reveals the reasons for the decline in the revenues of the Suez Canal and the challenges of the navigational situation

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Saturday 24/2025 – 03:59 PM

















The team, Osama Rabie, head of the Suez Canal Authority, confirmed that the formation of the prosperity guard, which was under the leadership of the United States of America to secure navigation within the borders of the Red Sea, was a crisis that threatens the maritime transport market and supply chains, as it led to the rise of the loyalists for ships heading to the Red Sea instead of 75 dollars reaching $ 5,000 per container.

The team, Osama Rabie, reveals the reasons for the decline in the revenues of the Suez Canal and the challenges of the navigational situation

This came during a symposium organized by the Egyptian Maritime Association, today, Saturday, entitled The Specifications facing the Suez Canal in the light of regional and global changes, in the presence of the team, Osama Rabie, Chairman of the Suez Canal Authority, Major General Samir Faraj, a strategic and military expert, Major General Bahr Issam Badawi, Secretary General of the Arab Ports Union, the team Ahmed Khaled, Governor of Alexandria, Khaled Abu Bakr, the accredited international lawyer, and a group of maritime transport leaders And the Egyptian Maritime Association.

The team, Osama Rabie
The team, Osama Rabie

Rabie added that the crisis has exacerbated and caused the suffering of navigational marine lines for ships and containers during trips, in addition to fuel consumption, the weak salaries of sailors, the rise of the rows from the Far East to the north from 741 dollars to 2694 per container, and the imposition of additional emergency risks, which amounted to $ 2,500 per container.

Rabie explained that the number of ships in 2024 decreased by 7.7%, a decrease to 8.6 million tons, the revenues reached about 50%less than the previous year, and during April 2024, the maritime navigation movement decreased, as ships were attributed to 3.1%, and the container decreased by 3.7%.

Rabie pointed out that to calm the conditions of the inflamed crisis that caused great losses, the company, in cooperation with corporate agents and marine navigation lines, to discuss and exchange ideas, visions and views from various angles, which contributed to providing new and special services for ships that cross from the Bab al -Mandab and the Red Sea, such as, maintenance and repair of ships, marine rescue, supply, fuel, Switching with kits, combating pollution.

Rabie emphasized that the channel sponsored the reform of the Greek Vehravia ship, which was wounded after the Houthi missile was launched in the Red Sea, whose movement did not stop reaching the proximity of the Suez Canal, and the ships and equipment needed to fix and maintain the ship were supplied, and it took about 6 days of continuous work.

Rabie explained that the rumors circulating about the delay of ships inside the navigational corridor of the Suez Canal, and the recurrence of many accidents, and the narrowness of the navigational corridor, were answered by working to develop the corridor to accommodate the largest possible number of ships in addition to supplying the necessary services for ships and sailors.



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