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Egypt's Suez Canal Records highest Monthly Revenue in History


Mon 02 May 2022 | 05:54 PM
Ahmed Moamar

The head of the Egyptian Suez Canal Authority, Gen. Osama Rabie, said that the canal achieved the highest monthly revenues in its history at $ 629 million last April, at a time when shipping traffic is recovering from the effects of the Corona pandemic.

He added that the channel's revenues in April increased by 13.6 percent, compared to the same month last year, when it amounted to 553.6 million dollars.

The head of the authority indicated that the navigation movement in the canal during the month of April 2022 witnessed the transit of 1929 ships from both directions compared to the crossing of 1814 ships during the month of April of last year, with a difference of 115 ships, an increase of 6.3 percent.

The total net tonnage amounted to 114.5 million tons, which is the largest monthly net tonnage in the history of the canal, compared to 110.2 million tons in April of last year.