Suez Canal achieves increase in revenues by 4.5 percent

CAIRO – 22 February 2021: Egypt’s Suez Canal has witnessed an increase in the number of crossing ships by 1.4 percent, tonnage by 0.04 percent and revenues by 4.5 percent, announced Lieutenant-General Osama Rabie, head of the Suez Canal Authority.

Rabie further said that the canal has achieved the highest daily revenues on February 5 since Coronavirus outbreak, as it achieved  $22.2 million.

He added, in TV statements Monday, that this rate is considered the second highest daily transit in the history of the canal, after 74 ships and 4.4 million tons of cargo.

Lieutenant-General Osama Rabie also stated that President Abdel-Fattah El-Sisi is closely following up on the navigation status in Suez Canal.

He praised the successful policies taken by the Egyptian administration during the Coronavirus crisis, and its positive affect on the canal. Rabie added that 87 ships benefited from the marketing policies, including 23 ships that crossed for the first time, with revenues of $930 million.