Suez Canal revenues record LE 12.3B in June: CAPMAS

CAIRO - 11 August 2022:  Suez Canal revenues recorded about LE 12.3 billion during June 2022, up from LE 12 billion in May 2021, marking an increase of LE 300 million, according to the data from the Central Agency for Public Mobilization and Statistics (CAPMAS).

 

CAPMAS stated that the revenues have risen to a new record level since the beginning of the current year 2022, despite the consequences of the Russian-Ukrainian war.

 

Since the beginning of this year, the revenues of the Suez Canal have witnessed successive increases, as revenues recorded about LE 11.6 billion in April, compared to LE 8.7 billion in the corresponding month in 2021, with an increase of LE 2.9 billion.

 

The Suez Canal achieved a boom during the fiscal year 2021/2022, where the canal’s revenues increased by 20.7 percent to record about $7 billion, compared to about $5.8 billion in 2020/2021.

 

The number of ships transiting the Suez Canal during 2021/22 also witnessed an increase of 15.7 percent, recording about 22,000 ships, compared to 19,000 ships in 2020/2021.

 

The net tonnage transiting the canal also witnessed an increase by 10.9 percent to reach 1.32 billion tons in 2021/2022, compared to 1.19 billion tons in 2020/2021.