Egyptian president briefed on Suez Canal performance in 1st quarter of 2023

CAIRO – 12 April 2023: President Abdel Fattah El-Sisi convened Tuesday with Prime Minister Mostafa Madbouly and Chairman of the Suez Canal Authority Admiral Ossama Rabiee to view a statement of the navigation traffic in the international waterway during the first quarter of 2023.

The statement showed an increase in the number of ships that passed through the canal by about 20 percent, compared to the same period last year, and an increase in revenues to record about $2.3 billion, an increase of about 35% compared to last year.

The canal also achieved the highest daily transit rate in its history, on March 13, with 107 ships carrying a total tonnage of 6.3 million tons.

The chairman of the Suez Canal Authority presented the axes and projects for developing the navigational course of the Suez Canal, in addition to the authority's efforts to modernize its marine fleet, including tugs and dredgers, in light of its pivotal role in securing the navigational course and assisting ships transiting the canal.