August 10, 2022

Egypt’s Suez Canal Authority introduced on Sunday that it had achieved “the very best month-to-month earnings in its historical past.”

The company stated in a press release that final April’s income was $629 million, a file.

The top of the division, Osama Rabie, stated that the channel’s income in April elevated by 13.6 p.c in comparison with the identical month final 12 months, when it amounted to $553.6 million.

Egypt’s Suez Canal Authority stated in early April that the channel’s income within the first quarter of this 12 months was $1.69 billion in comparison with $1.4 billion in the identical interval final 12 months, explaining that “to this point it has not been affected by the “. Ukrainian disaster.

Rabier stated the canal’s delivery statistics for the primary quarter of 2022 “recorded a major enhance within the quantity and tonnage of ships passing via the canal, and to this point haven’t been affected by the results of the Ukrainian-Russian disaster.”

He defined that the variety of vessels transiting the canal from January to March this 12 months was 5,303 vessels in comparison with 4,581 vessels transiting in the identical interval final 12 months, a distinction of 722 vessels, a rise of 15.8 p.c.

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