On Wednesday, Chairman of the Suez Canal Authority (SCA) Osama Rabie, said that the traffic passing through Egypt’s Suez Canal reached an all-time record per day in the waterway’s history.
In a statement, the SCA’s head said, “There were altogether 87 ships carrying 4.8 million tons of load passed through the canal’s both sides.”
Among them, 38 ships came from the north with a total load of two million tons, while 49 ships came from the south, the statement added.
Rabie stressed the SCA’s readiness to deal with the changes in the world trade movement after increasing the canal’s capacity.
He also stressed that the projects undertaken to develop the vital waterway throughout the history of the authority are preceded by careful and thorough studies of all variables related to the global market, competitive methods, and indicators of global trade movement, which resulted in the New Suez Canal, which has helped to maintain the superiority of the canal and create a better future for Egypt’s coming generations.
The Suez Canal is considered one of the most important and fastest passages connecting Africa, Asia, and Europe.
Some 12 percent of the world trade volume passes through the man-made canal, a major source of hard currency in Egypt.