The highest in its history.. The Suez Canal achieves record monthly revenues

The head of the Egyptian Suez Canal Authority, Osama Rabie, said in a statement today, that the canal achieved the highest monthly revenues in its history, at 629 million dollars last April, at a time when shipping traffic is recovering from the effects of the pandemic.

He added that the channel's revenues in April increased by 13.6 percent, compared to the same month last year, when it amounted to 553.6 million dollars.

Navigation in the canal witnessed, in April, the transit of 1,929 ships, an increase of 6.3 percent compared to the same period last year.

The total net tonnage amounted to 114.5 million tons, which is the largest monthly net tonnage ever in the history of the canal crossing the 193-kilometre waterway linking the Mediterranean and the Red Sea.

Rabie added that the number of oil and liquefied natural gas tankers and containers that passed through the canal, in April, increased by 25.8 percent, 12 percent and nine percent, respectively, compared to the same month last year.

The authority had raised the fees for crossing the canal twice within one month, by rates exceeding 15 percent, as well as reducing the size of the reductions granted to some liquefied gas tankers and ships.

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