The highest annual revenue in the history of the Suez Canal

Osama Rabie, head of the Suez Canal Authority, said that the navigation statistics in the canal during the fiscal year 2021/2022 set new and unprecedented records throughout the history of the canal, after it achieved the highest annual net tonnage for a fiscal year of 1.32 billion tons, and the highest annual financial revenue of $7 billion. , bypassing all previously registered numbers.

According to Arab Net, Osama Rabie explained that navigational reports during the fiscal year 2022/2021 monitored a significant increase in the number of ships transiting the canal, as 22,032 ships crossed the canal during that period compared to 19,047 ships transiting during the fiscal year 2020/21, a difference of 2,985 ships, an increase of 15.7%.

The total net tonnage crossing the canal amounted to 1.32 billion tons during the fiscal year 2021/2022, compared to 1.19 billion tons during the fiscal year 2020/2021, with a difference of 130 million tons, with an increase of 10.9%.

He pointed out that the increase in the number and tonnage of ships transiting the canal during the fiscal year 2021/2022 contributed to achieving a major boom in the revenue of the canal denominated in dollars, achieving the highest annual financial return in the history of the canal of $7 billion, compared to $5.8 billion during the fiscal year 2020/ 2021, an increase of $1.2 billion, or 20.7%.

The head of the authority stressed that the unprecedented record results recorded by the movement of trade transiting the Suez Canal during the fiscal year are the culmination of the success of the marketing policies pursued by the authority in attracting new shipping lines to cross from the Suez Canal, and a reflection of some global variables that led to an increase in the savings achieved by the Suez Canal. Compared to alternative methods in light of the high prices of ship chartering and freight forwarding, the rise in oil prices, and the change in the world trade map due to the Russian-Ukrainian war.

It is noteworthy that navigation statistics during the fiscal year 2021/2022 recorded the highest monthly revenues in the history of the canal during the months of June and May 2022, and the months of April and May of this year recorded the highest monthly net loads throughout the history of the canal.