Suez Canal Records Revenues of $6 Billion in 2021: Osama Rabie

Osama Rabie, head of the Suez Canal Authority (SCA said that the navigation rates in the canal during the current year are very promising, as the revenue generated from January to the first half of December reached $6 billion, a figure that the Suez Canal had not previously recorded.

This came on Sunday during a meeting with a high-level judicial delegation headed by Mohamed Mahmoud Hossam El Din, Chairman of the State Council, accompanied by a group of judges at the Maritime Simulation and Training Center in Ismailia Governorate.

The visit comes within the framework of cooperation between the SCA and the State Council; in line with the general plan to raise awareness among the  judges regarding the national projects implemented by the state in all fields, including development project in the canal.

Head of the authority stressed that the Suez Canal enjoys a special place in the conscience of Egyptians, and its projects are linked to the development of the region and the creation of life in its surroundings through the establishment of new urban communities that are integrated with the industrial and logistical areas, which benefit from the huge volume of goods passing through the channel.

He reviewed the qualitative transit operations that the canal witnessed during the past year, stressing that these operations bear strong indications of the competence and experience of the authority's guides, which are irreplaceable and indispensable to ensure the regularity of navigation in the canal.

He also shed light on the various measures and measures taken by the authority to deal with various challenges, most notably the coronavirus and bad weather navigation.

The head of the authority stressed that the accident of the giant Panamanian container ship EVER GIVEN was an exceptional accident and an unprecedented challenge that the Suez Canal had not witnessed before, which required resorting to non-violent solutions, including the use of dredging for the first time in marine rescue work.

"The development projects in the Suez Canal did not stop after the new canal project, as the authority worked on developing the monitoring stations located along the canal, in parallel with the establishment of a series of garages on the new canal to meet potential emergency situations, and work is currently underway to develop the southern channel from km 122 to km 162 to increase the navigational safety factor and increase the capacity by 6 additional ships.