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Suez Canal achieves highest monthly revenue in its history at $802 M

Head of the Suez Canal Authority Osama Rabei said on Thursday the international waterway achieved in January the highest monthly revenue in its history, reaching $802 million, surpassing the record achieved in August by $56.4 million.

In a statement, Rabie said 2,155 ships transited the canal from both ways in January 2023 against 1,774 ones in January 2022, recording a 21.5 percent increase.

He added that navigation statistics in the canal in January recorded the highest monthly transit rate of oil tankers with the passage of 677 ones.

Also statistics showed a rise in the monthly net tonnage to record 123.5 million tons against 106.2 million tons in January 2022.

The number of bulk ships that transited the waterway increased by 17.1 percent while car carrier ships rose by 16.3 percent, manifesting the success of the new marketing and pricing policies adopted by the authority.

He attributed these unprecedented indicators to the navigation strategy adopted by the canal authority over the past few years that helped to maintain the global ranking of the canal as the shortest, fastest and safest navigational route in the world.

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