Suez Canal achieves highest-ever revenue at $6.3B

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Sun, 02 Jan 2022 - 01:28 GMT

BY

Sun, 02 Jan 2022 - 01:28 GMT

Ship passing the Suez Canal - Press photo

Ship passing the Suez Canal - Press photo

CAIRO - 2 January 2022: The Suez Canal recorded revenues of $6.3 billion during 2021, marking the highest in its history, according to head of the Suez Canal Authority, Osama Rabie.

 

Rabie clarified that the revenues during 2021 hiked by 12.8 percent, or $720 million, compared to $5.6 billion during 2020.

 

He added that it achieved the largest annual net tonnage of 1.27 billion tons, exceeding all numbers that have been registered before.

 

The head of the authority said in a statement, Sunday, that the navigation movement in the canal during 2021 witnessed the transit of 20,694 ships from both directions, compared to the transit of 18,830 ships during 2020, with an increase of 1864 ships, or 10 percent.

 

The total net tonnages reached 1.27 billion tons in 2021,  compared to 1.17 billion tons during 2020, with an increase of 8.5 percent, or 100 million tons, he pointed.




 

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