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Suez Canal revenues hit $2.1bn in Q3, highest quarter in history: Egypt Cabinet


Suez Canal revenues increased in the third quarter of this year by 23.5 percent year-on-year to hit $2.1 billion — the highest figure ever recorded, official data has revealed.

This increase is supported by the unprecedented jump in revenues during the month of August that hit a historical record at $744.8 million, according to a release from the Egyptian Prime Minister’s Information Center on Friday.

As many as 6,252 ships crossed the canal from July to September, with a total net payload of 372.7 million tons.

Revenues during September rose by about 22 percent to $683.2 million.

Over 2,000 vessels crossed the canal during that period from both directions compared to 1,856 vessels during the same period of last year — an increase of 9.1 percent.

The total net payload reached 120 million tons, compared to 112 million tons during September of last year, reflecting a 7.1 percent increase.

Source: Arab News

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