The head of the Suez Canal Authority: Canal revenues increased 12.4% to 4.8 billion dollars

Osama Rabie, head of the Suez Canal Authority, announced Wednesday in an interview on Egyptian television that Egypt’s revenues from the channel increased 12.4% year-on-year to $ 4.862 billion in the year-to-date period to October 12.

Suez Canal revenues grew 11.6% in the first eight months of quest’year, registering 4.1 billion dollars, Compared to $ 3.7 billion in the same period last year.

The head of the Suez Canal Authority said that the number of ships that crossed the canal from January to August 2021 was 13.3 thousand ships, compared to 12.5 thousand ships in the same period last year, with a growth of 6.7%.

He added that the total net tonnage increased by 7% during the period, reaching 826.1 million tons, compared to 772.2 million tons in the same period last year.

On the 29th of last month, the navigation movement in the canal recorded the highest daily transit rate for ships in Transit through the history of the canal, with 87 ships crossing from both directions without waiting.

Rabie stated in a press release that the total tonnage of ships in Transit today, with a net size of 4.8 million tons. The number of ships that crossed the canal from the north was 38 ships with a net tonnage of 2 million tons, while 49 ships crossed from the south in the new navigation course of the canal with a total net tonnage of 2.8 million tons.

The head of the authority stressed the readiness of the Suez Canal to face the various changes witnessed by the world trade movement after the increase in the numerical and absorption capacity of the canal thanks to the new Suez Canal project.

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