Suez Canal records its highest annual revenue of $7bn – The National

Suez Canal records its highest annual revenue of $7bn – The National

The Suez Canal recorded its highest annual revenue of $7 billion in the 2021-2022 fiscal year, the canal authority said on Monday.

Revenue of the Egyptian waterway, which accounts for about 10 per cent of global maritime trade, increased more than 20 per cent compared to the $5.8bn of the previous fiscal year.

More than 22,000 ships with a combined cargo of 1.32 billion tonnes passed through the canal in the period, which runs from July 1 to June 30, an increase of about 16 per cent and 11 per cent, respectively, from the previous fiscal year.