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Suez Canal achieves the highest revenues in 7 years

Suez Canal achieves the highest revenues in 7 years

8/7/2022

Important numbers for the Suez Canal:


- Accommodating the growing trade movement and receiving tankers for 10% of the total global trade movement.


It accommodates approximately 25% of the total global movement of containerized goods, and 100% of container trade


Revenues witnessed an unprecedented increase of 20.7% to record about $7 billion.


The revenues of the Suez Canal were not negatively affected by the consequences of the Russian-Ukrainian crisis, which broke out on February 24, 2022.


Revenues recorded about 546 million dollars in February 2022, and rose in March to 601 million dollars.


- The Suez Canal's adoption of effective marketing strategies and the adoption of flexible price policies that strengthened its position.


- The number of ships transiting the Suez Canal during 2021/22 saw an increase of 15.7%, recording about 22,000 ships, compared to 19,000 ships in 2020/2021.


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