Suez Canal Gets Oil Tanker Boost Amid Hormuz Strait Shutdown

Suez Canal Gets Oil Tanker Boost Amid Hormuz Strait Shutdown

A total of 529 tankers transited the Suez Canal in April, 28% more than the year before. Broader traffic picked up too, with 1,182 vessels of all types making the journey — a 14% increase.

Suez Canal traffic soars as Hormuz disruptions reroute energy trade

The canal generated $419 million in revenue in April, up 27% year over year.

Suez Canal Gets Oil-Tanker Boost Amid Hormuz Strait Shutdown

(Bloomberg) — The number of oil tankers crossing Egypt’s Suez Canal surged by almost a third in April and drove revenue to the highest since early 2024, as the closure of the Strait of Hormuz spurred an alternative Red Sea energy route.

Suez Canal Will Raise Surcharge Fees as It Still Looks to Increase Transits

The Suez Canal Authority has posted its first wide-ranging rate increases in the form of revised surcharges for transits in three years. It comes, how...

Shipping boom triggers rise in Suez Canal fees

Authority says improvement in shipping economics is one of the reasons behind the increase