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Suez Canal traffic rises as ships divert away from the Strait of Hormuz
The Suez Canal Authority projected that about 15,500 ships will transit the waterway this fiscal year, roughly 20 percent more than the 13,000 of a year earlier. The increase is largely a result of the Strait of Hormuz crisis; with traffic through Hormuz severely curtailed, part of the flow of energy cargoes and jet fuel has shifted to the Red Sea and Suez Canal route. The gradual return of ships to the Suez route, after a period in which insecurity around Bab al-Mandab had pushed many to sail around the Cape of Good Hope, shows global trade flows shifting away from the Persian Gulf. This rerouting raises the cost and time of moving goods to the region and is one of the crisis's indirect consequences for the economies of Iran and its neighbours.
Al Manassa · Jul 19, 2026
Egypt raised Suez Canal transit surcharges from 15 July as ships reroute away from Hormuz
Egypt's Suez Canal Authority raised transit surcharges from 15 July 2026 for most vessel types, including tankers, gas carriers, bulk carriers and container ships. The decision comes as canal traffic rises, with the Strait of Hormuz crisis steering some ships toward Egyptian-controlled waters. According to official data, Egypt's Suez Canal revenue reached about $419 million in April, roughly 27 percent higher than a year earlier and the highest monthly level since the start of 2024. The number of oil tankers transiting the canal in the early months of the year rose about 28 percent from the same period last year. The trend shows how the disruption in the Strait of Hormuz is reshaping global energy routes and the revenues of countries on alternative paths.
Maritime News · Jul 18, 2026