Suez Canal revenues hit a record high
CAIRO: Egypt’S Suez Canal recorded the highest annual revenue in its history in the year ending June 2021 despite the grounding of the Ever Given container ship in March.
Revenues rose to $5.84 billion, compared to $5.72 billion in
the year-earlier period, the Suez Canal Authority (SCA) said in a filing.
Some 9763 ships navigated through the key waterway from
January to June 2021, compared to 9546 ships during the same period last year,
said SCA Chairman, Osama Rabie.
Net shipping loads passing through the canal gained 3.8
percent during the first half of this year — amounting to 610.1 million tons,
compared to 587.7 million tons during the same period last year, he said. The
number of liquefied natural gas carriers passing through the waterway increased
by 24 percent, container ships rose by 9.7 percent, the number of car carriers
increased by 27.8 percent, and dry bulk vessels rose by 5 percent.
“The flexible marketing and pricing policies pursued by the
authority succeeded in maintaining the rates of ships crossing the canal and
gaining the confidence of customers,” said Rabie.
The Ever Given container ship became wedged in the waterway
in March for almost a week, halting all traffic in either direction and causing
global supply chain disruption.
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