The navigation statistics of the Suez Canal recorded, during April, new and unprecedented heights, achieving the highest monthly revenue in the history of the canal amounting to US$629 million, Lieutenant-General Osama Rabie, head of the Suez Canal Authority, announced. The canal recorded the largest monthly net tonnage with a total net tonnage of 114.5 million tons, exceeding all previously recorded numbers, Rabie added. The total net tonnage amounted to 114.5 million tons – the largest monthly net tonnage in the history of the canal – compared to 110.2 million tons in April 2021, an increase of 4.3 million tons or 3.9 percent. Rabie added that the Suez Canal’s revenues during April recorded $629 million as the highest monthly revenue in the history of the canal, compared to $553.6 million during April 2021, an increase of $75.4 million or 13.6 percent. He explained that the navigational reports monitored a significant increase in the rates of transit of various types of ships.

Source: Egypt Independent May 02, 2022 22:39 UTC