Suez Canal records highest monthly revenue ever in April

Egypt’s Suez Canal recorded its highest monthly revenue to date in April, raking in $629 million in vessel transit fees, the waterway’s managing authority said on Sunday, as traffic rebounded following the impact of the pandemic.

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Monthly revenue in April was 13.6% higher than a year ago, channel authority chairman Oussama Rabie said in a statement.

The total number of vessels that crossed the 193 km (120 mile) waterway that connects the Red Sea and the Mediterranean Sea rose 6.3% from a year ago to 1,929 vessels.

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

The number of tankers, liquefied natural gas carriers and container ships rose 25.8%, 12% and 9% respectively in April from 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 channel in late March.

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