Suez Canal records highest monthly revenue in its history

Suez Canal records highest monthly revenue in its history

The navigation statistics in the Suez Canal made new records during July , achieving the highest monthly transit rate in the history of the canal, the head of the Suez Canal Authority Osama Rabie announced on Tuesday.

The transit rate amounted to 2,103 ships, and the highest monthly net tonnage in the history of the canal was 125.1 million tons, reflected in the increase in the canal’s revenues to record the highest monthly revenue in its history, at $704 million.

The canal during July witnessed the transit of 2,103 ships from both directions compared to 1,670 ships during July 2021, an increase of 433 ships, or 25.9 percent.

The total net tonnages amounted to 125.1 million tons during July 2022 compared to 105.8 million tons during July 2021, an increase of 19.3 million tons or 18.2 percent.

He said that the revenues of the Suez Canal during July 2022 amounted to $704 million, compared to $531.8 million during July 2022, an increase of $172.2 million or 32.4 percent.

A significant boom in the transit rates of various types of ships was recorded in July compared to the same month last year, as the number of oil tankers increased by 60.2 percent to achieve the highest