Suez Canal recorded the highest monthly revenue in its history during April

Source: www.gulfoilandgas.com 5/1/2022, Location: Africa

General Osama Rabie, president of the Suez Canal Authority, announced on Sunday that the channel's navigation statistics during April recorded new and unprecedented records throughout the history of the canal, achieving the highest monthly revenue in the history of the canal reached $629 million, and the largest monthly net load with a total net load of 114.5 million tons, exceeding all the figures previously recorded.

The head of the Authority pointed out that the traffic of the channel during the month of April 2022 saw 1929 ships cross from both directions compared to the transit of 1814 ships during april last year by a difference of 115 ships, an increase of 6.3%, as Total net loads reached 114.5 million tons (the largest monthly net load in the channel's history) compared to 110.2 million tons in April last year, a difference of 4.3 million tons, an increase of 3.9%.

He added that the revenues of the Suez Canal during April 2022 recorded $629 million as the highest monthly revenue in the history of the canal compared to $553.6 million in April last year by a difference of $75.4 million, an increase of 13.6%.

Rabie explained that shipping reports during April 2022 monitored a significant increase in the transit rates of various types of ships compared to the same month last year, where the number of tankers increased by 25.8%, and the number of container ships passing the channel increased by 9%, while the percentage of increase of LNG tankers by 12%, and the number of carriers increased by 6.6%, reflecting the success of marketing and pricing policies of the Authority in gaining the confidence of the shipping community, and attracting new shipping lines, Dealing flexibly with the variables in the shipping industry.

Navigation statistics record a marked increase in the numbers and cargo of ships crossing the Channel since the beginning of this year, where the movement of navigation of the channel from January to April saw the transit of 7,232 ships compared to the transit of 6,395 ships during the same period last year by a difference of 8 37 ships increased by 13.1%, while net trans-channel cargo from January to April this year increased by 6.5% by 427.9 million tons, compared to 401.9 1 million tons during the same period last year, a difference of 26 million tons.

Revenues of the Suez Canal increased significantly despite various challenges, where navigation statistics from January to April achieved $2.3 billion compared to $2 billion during the same period last year, an increase of 18.4% by a difference of $360.4 million.


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