| 22 February 2024, Thursday |

Suez Canal sees record monthly revenue in April on higher traffic

As traffic recovered from the impact of the pandemic, Egypt’s Suez Canal achieved its biggest monthly earnings to yet in April, bringing in $629 million in ship passage fees, according to the organization managing the waterway.

Canal authority chairman Osama Rabie said in a statement that monthly revenue in April was 13.6 percent higher than a year ago.

The overall number of ships passing through the 193-kilometer (120-mile) strait that connects the Red and Mediterranean seas climbed by 6.3 percent to 1,929 vessels from a year ago.


They carried cargoes weighing in total 114.5 million tonnes, the highest monthly net cumulative payload to transit the waterway, he said.

The number of oil tankers, liquefied natural gas tankers and container carriers increased respectively by 25.8%, 12% and 9% in April versus a year ago, he added.

In addition to the impact of the pandemic, last year’s flows were disrupted after a container ship ran aground in the canal in late March.

  • Reuters