Suez Canal Sees Record-High Revenues in April 2022 ...Egypt

A ship crossing the New Suez CanalPhoto via Reuters Egypt’s Suez Canal recorded its highest monthly revenue in April 2022, reaping USD 629 million, with 1,929 ships passing through the canal, Reuters reports. According to Osama Rabie, Head of the Suez Canal Authority (SCA), there was a 6.3 percent rise in the number of ships, totaling 1,929 ships, in comparison with the previous year, in addition to 13.6 percent higher monthly revenue than April 2021. The number of oil tankers, liquefied natural gas tankers, and container carriers increased respectively by 25.8 percent, 12 percent and 9 percent in April versus a year ago. In an interview with Al Mehwar TV, Rabie highlighted that, although th

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