Suez Canal Revenue Up 20%, Authorities Rake $563million in August

Suez Canal Revenues up 20%, Authorities Rake $563 million in August (News Central TV)

The Suez Canal Authority said Friday, that the revenues of Egypt from the canal In August amounted to approximately $563 million. This is an increase of 20%, compared to $ 468 million in 2020.

Head of the Suez Canal Authority, Lieutenant General Osama Rabie, said last July that navigation statistics during the first half of 2021 have seen a notable increase in the number and tonnage of ships in transit in the canal. The navigation movement in it during the period from January to June saw the crossing of 9763 ships to transit 9546 ships in the same period last year, a difference of 217 ships and an increase of 2.3%.

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Head of the Suez Canal Authority, Lieutenant General Osama Rabie

The head of the authority pointed out that the revenue of the Suez Canal, despite various challenges, has seen a strong boom recently, as navigation statistics during fiscal year 2020/2021 recorded the highest annual revenue in the history of the channel amounted to $ 5.84 billion, compared to $ 5.72 billion in fiscal 2019/2020, an increase of 2.2%, a difference of $124.3 million.

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