July 12, 2021
The Suez Canal recorded more than $5 billion in revenue during the last tax year, even after a container ship in March caused an unprecedented traffic jam in one of the world s busiest waterways.
Osama Rabie, head of the Suez Canal Authority (SCA), said in a statement on Sunday that canal revenues were up 2% from the year prior, and at $5.84 billion, were the highest on record.
“Despite various challenges, revenues from the canal rose sharply,” he said.
Rabie credited the SCA’s marketing and flexible pricing policies, which he said “helped maintain a good rate of traffic through the canal and earned the trust of our partners.”
Suez Canal officials release Ever Given ship after settlement | News | DW
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Megaship Ever Given that blocked Suez Canal released by Egypt
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