Thursday, December 02, 2021

NEWS

Suez Canal achieves record revenue

Suez Canal achieves record revenue

Cairo, Jul 12 (Prensa Latina) The Suez Canal achieved 5.84 billion dollars in the 2020-21 fiscal year, the highest revenue in its history, an official Egyptian source reported on Monday.
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Despite the Ever Given container ship blocked the canal for six days, revenue in the first half of 2021 marked a 8.6-percent increase, around three billion dollars, compared to 2.76 billion dollars during the same period last year, the Suez Canal Authority (SCA) said in a communique.

In the last six months, 9,763 ships with 610.1 million tons of cargo have passed through the canal.

Built between 1859 and 1869, the 163-kilometer long Suez Canal is a man-made sea-level waterway, connecting the Mediterranean Sea to the Red Sea.

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