The Suez Canal achieves the highest annual revenue in its history

Lieutenant-General Osama Rabie, head of the Suez Canal Authority, announced today that the canal recorded the highest annual financial revenue in its history, amounting to $7 billion, during the fiscal year 2021/2022, exceeding all previously recorded numbers. It also recorded the highest annual net tonnage for a fiscal year of 1.32 billion tons. Lieutenant-General Osama Rabie, in a statement issued today, stated that the navigational reports during the fiscal year 2021/2022 monitored a significant increase in the number of ships transiting the canal, as 22,032 ships crossed the canal during that period, compared to 19,047 ships transiting during the fiscal year 2020/2021, a difference of 2,985 ships. An increase of 15.7%, while the total net tonnages across the canal amounted to 1.32 billion tons during the fiscal year 2021/22, compared to 1.19 billion tons during the fiscal year 2020/2021, with a difference of 130 million tons, and an increase of 10.9%. He pointed out that the increase in the number and tonnage of ships transiting the canal during the fiscal year 2021/2022 contributed to achieving a major boom in the canal’s revenue, denominated in dollars, achieving the highest annual financial return in the history of the canal, compared to $5.8 billion during the fiscal year 2020/2021, an increase of $1.2 billion.