SCZone reveals significant growth in vessels and goods passing through southern ports

Cairo - July 16, 2023: Egypt’s Ain Sokhna and Al Adabiya ports recorded significant activity during the final quarter of FY2022/2023, revealed new data by the Suez Canal Economic Zone (SCZone).

The Ain Sokhna witnessed a strong inflow of ships, with a total of 140 vessels carrying loads exceeding 5.2 million tons and more than 224,590 containers passing through the port during Q4 FY 2022/2023, the SCZone explained.

The data displayed a growth rate of 31.58 percent in ships and 36.11 percent in goods month-on-month, recording 50 vessels with total loads of 1.959 million tons, and 75,615 containers in April 2023. The Sokhna port received 49 ships in May, carrying a total load of 1.572 million tons and approximately 78,495 containers, marking a growth rate of 32.43 percent in ships and 26.82 percent in goods compared to the same month in 2022.

In June, the port received 41 ships carrying 1.686 million tons and 70,484 equivalent containers, representing a growing ship rate of 17.14 percent and a goods growth rate of 17.39 percent compared to June 2022, the statement explained.

During the fourth quarter of the previous fiscal year, the Al Adabiya port received a total volume of goods amounting to approximately 1.75 million tons and received 96 ships. Monthly, in April, the port received 36 ships with a total load of 573,960 tons. May saw the arrival of 31 ships carrying a total load of 675,546 tons, while June witnessed 29 ships with a combined load of 500,900 tons.

The Suez Canal Economic Zone and its subsidiary ports have undertaken multiple developmental initiatives which have significantly contributed to boosting the movement of various goods in the region. The SCZone has been actively enhancing and preparing the ports to accommodate the latest types of ships, with added services such as ship supply services playing a crucial role in attracting international shipping lines to the ports.

In early July, data from the Central Agency for Public Mobilization and Statistics (CAPMAS) revealed a significant increase in revenues generated by the Suez Canal. In April alone, revenues reached approximately LE 27.9 billion, a significant rise from LE 25.7 billion in March. Over the past decade, the Suez Canal has amassed total revenues amounting to $50.9 billion, emphasizing its vital role in the region's economic landscape.