Suez Canal’s revenues hit $854.7mln in November
- Date: 30-Nov-2023
- Source: Zawya
- Sector:Financial Services
- Country:Egypt
Suez Canal’s revenues hit $854.7mln in November
The Suez Canal has generated the highest monthly revenue in its history, amounting to $854.7 million, in November, with an annual growth rate of 20.3%, Asharq Business reported on November 30th, citing a statement from the Suez Canal Authority (SCA).
Additionally, the number of vessels that crossed the canal in November increased by about 4.3% to 2,264, with a monthly record high of net tonnage at 135.5 million tons, marking an 8.2% year-on-year (YoY) increase.
It is worth noting that, the Suez Canal recorded the highest annual revenues in its history in fiscal year (FY) 2022/2023, amounting to $9.4 billion.
Copyright © 2022 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info). Suez Canal’s revenues hit $854.7mln in November
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