(MENAFN) Traffic through Egypt’s Suez Canal has climbed by more than 10% in recent months as regional tensions ease, officials reported on Tuesday.

Admiral Ossama Rabiee, chairman of the Suez Canal Authority (SCA), said that from July to October, 4,405 vessels transited the canal, carrying 185 million tons of cargo. This compares with 4,332 ships and 167.6 million tons during the same period last year.

He noted that 229 vessels passed through in October alone, marking the highest monthly total since the Red Sea crisis began amid the ongoing war in Gaza.

“The Sharm El-Sheikh Peace Summit had a positive impact on calming the situation in the region and the return of many ships to cross the Suez Canal again,” the Egyptian Cabinet Presidency said on Facebook.

Rabiee also linked the rebound to renewed confidence among shipping companies following the mid-October Sharm El-Sheikh Peace Summit, where a US-brokered Gaza ceasefire deal was signed. Leaders attending the summit included US President Donald Trump, Egyptian President Abdel Fattah el-Sisi, Turkish President Recep Tayyip Erdogan, and Qatari Emir Sheikh Tamim bin Hamad Al Thani.

The admiral highlighted French carrier CMA CGM for restarting canal operations with two ultra-large container ships, each carrying over 170,000 tons of cargo, and urged other global shipping operators to conduct trial voyages.

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