Suez Canal Authority says it has made unprecedented records during April

Suez Canal Authority says it has made unprecedented records during April

The head of the Suez Canal Authority, Osama Rabie announced on Sunday that navigation statistics in the canal during April set new and unprecedented records in its entire history.

The canal achieved the highest monthly revenue in the history of the canal amounting to US$629 million, he explained in a statement, and the largest monthly net tonnage was $114.5 million tons – exceeding all previously recorded numbers.

He pointed out that navigation movement in the canal during April saw 1,929 ships cross from both directions compared to the transit of 1814 ships during the same month of the last year – an increase of 115 ships, at 6.3 percent.

Total net tonnages amounted to 114.5 million tons (the largest monthly net tonnage in the history of the canal) compared to 110.2 million during April of last year, a difference of 4.3 million tons or an increase of 3.9 percent.

He said that the revenues of the Suez Canal during April recorded $629 million as the highest monthly revenue in the history of the canal, compared to $553.6 million in April 2021, a difference of $ 75.4 million, with an increase of 13.6 percent.

Rabie added that navigational reports during April detected a significant increase in