The Suez Canal has successfully tested a new lane that allows ships to travel in both directions along a 10-km stretch in its southern section, the Suez Canal Authority (SCA) announced.

SCA Chairman Osama Rabie said two ships used the new channel after dredging work was completed. He called the project a “major qualitative leap” that will significantly improve the canal’s capacity and efficiency.

Rabie added the lane will help ships navigate strong currents and weather conditions.

Transportation expert Mohamed Shehata explained that the extension provides a crucial backup route in case of accidents or disruptions in the main canal. “This added layer of resilience will ensure the continued flow of global trade even in unforeseen circumstances,” he told Xinhua.

Shehata added that the expansion is a strategic move to prepare for increased shipping traffic as stability improves in the Red Sea region.

This news comes after Egyptian President Abdel-Fattah al-Sisi revealed on Thursday that Suez Canal revenues dropped by more than 60 percent in 2024 due to regional issues. He said Egypt lost about 7 billion U.S. dollars in revenue due to problems in the Red Sea and Bab al-Mandab Strait, which have disrupted shipping and global trade.

Despite the revenue drop, the president has instructed the SCA to continue developing the canal, improve navigation services, and promote its importance to global trade.

Source: Xinhua