May 4, 2022

Suez Canal records highest monthly revenue in its history at S$629 mln


The navigation statistics of the Suez Canal recorded, during April, new and unprecedented heights, achieving the highest monthly revenue in the history of the canal amounting to US$629 million, Lieutenant-General Osama Rabie, head of the Suez Canal Authority, announced.

The canal recorded the largest monthly net tonnage with a total net tonnage of 114.5 million tons, exceeding all previously recorded numbers, Rabie added.

Rabie said, in a statement yesterday, that the navigation statistics in the canal during the month of April 2022 showed the transit of 1,929 ships from both directions compared to 1,814 ships during the month of April 2021, an increase of 115 ships or 6.3 percent.

The total net tonnage amounted to 114.5 million tons – the largest monthly net tonnage in the history of the canal – compared to 110.2 million tons in April 2021, an increase of 4.3 million tons or 3.9 percent.

Rabie added that the Suez Canal’s revenues during April recorded $629 million as the highest monthly revenue in the history of the canal, compared to $553.6 million during April 2021, an increase of $75.4 million or 13.6 percent.

He explained that the navigational reports monitored a significant increase in the rates of transit of various types of ships.

This is compared to the same month last year, as the number of tankers increased by 25.8 percent and container ships transiting the canal increased by 9 percent.

Liquefied natural gas tankers reached rose 12 percent and the number of car carriers increased by 6.6 percent which reflected the success of the authority’s marketing and pricing policies.

egyptindependent


Categories : finance & economy

Finance & Economy

Palm Hills submits documents to EGX for EGP 81.3M capital cut

2022-05-24 04:00:00

ArabFinance: The Egyptian Exchange (EGX) has announced that Palm Hills Developments (PHD) submitted documents for an EGP 81.309"...
Read More

Egypt plans to offer several state-run c...
May 24, 2022
Egypt’s FM reviews vision for COP ...
May 24, 2022

Latest News



finance & economy

Palm Hills submits documents to EGX for ...
May 24, 2022
Egypt plans to offer several state-run c...
May 24, 2022
Egypt’s FM reviews vision for COP ...
May 24, 2022