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Suez Canal revenues up to .1 billion from January to August

Suez Canal revenues up to .1 billion from January to August

Cairo, Sep 22 (Prensa Latina) The revenues from Egypt's Suez Canal rose by 11.6 percent year-on-year to 4.1 billion dollars in the first eight months of 2021, an official Egyptian source reported on Wednesday.
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Suez Canal Authority (SCA) Chairman Osama Rabie said in a communique that 13,317 vessels crossed the canal from January to August, an increase of 6.5 percent.

The increase in revenues came despite the effects of the Covid-19 pandemic on the world trade and the closure of the canal for six days in March due to a container ship accident, the text stated.

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.

According to official data, 10 percent of the world trade volume passes through that man-made canal.

pgh/iff/ga/rob

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