The Suez Canal Authority (SCA) is stepping up efforts to revitalise maritime trade through the critical waterway, following recent positive developments in the security situation in the Red Sea region. The authority is engaging directly with major shipping lines to discuss the potential impact of improved stability on canal traffic. In a move to strengthen ties with global shipping partners, SCA Chairman Osama Rabie held a video conference with top officials from CMA CGM, the French shipping giant. The talks focused on future collaboration and the revision of navigation policies in light of the recent ceasefire agreement in Yemen, which has reduced tensions in the region. "The improving security conditions in the Red Sea are a significant opportunity," Rabie said in a statement. "This offers a chance to rethink our sailing policies and restore seamless navigation through both the Red Sea and the Suez Canal." The Red Sea, which serves as a key route for global shipping, has been marred by security challenges in recent years, impacting shipping operations in the region. However, the recent reduction in conflict following the US-backed ceasefire in Yemen has sparked optimism that stability is on the horizon. During the meeting, Rabie highlighted CMA CGM's pivotal role in canal traffic, noting that the company ranked first in container ship tonnage transiting the Suez Canal in the first four months of 2025, contributing 19 per cent of the total container traffic. Rabie also expressed appreciation for the long-standing partnership between the canal and CMA CGM, which has continued to operate through the waterway despite regional security concerns. The authority's proactive stance on capitalising on the improved security conditions signals its commitment to maintaining the Suez Canal as a global trade hub. With trade routes in the region facing increasing scrutiny, the Suez Canal Authority's efforts to ensure smooth passage through the waterway could further enhance Egypt's standing as a key player in global logistics. Attribution: Amwal Al Ghad English
