Egypt’s Suez Canal revenue hits $7 bln record peak

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Egypt’s Suez Canal revenue hits $7 bln record peak
 © CyprusMail 2022
Egypt’s Suez Canal revenue hit a record high of $7 billion in the financial year to June 30, up 20.7 per cent from the previous year, Canal Authority Chairman Osama Rabea said on Monday.

A statement from the authority attributed the rise to an increase in vessel numbers and cargoes, with total cargoes reaching a record high of 1.32 million tonnes, up 10.9 per cent from 2020/21.

The number of vessels transiting the canal rose 15.7 per cent to 22,032.

The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government’s main sources of foreign currency....


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Article automatically added to our system on Tuesday, July 5, 2022

Egypt’s Suez Canal revenue hits $7 bln record peak


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Article Tags: #egypt   #canal   #revenue   #record  


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