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Suez Canal sees record monthly revenue in April on higher traffic

Suez Canal sees record monthly revenue in April on higher traffic

Egypt's Suez Canal recorded its highest monthly revenue to date in April, reaping $629 million in ship transit fees, the authority managing the waterway said, as traffic rebounded from the impact of the pandemic. The monthly revenue in April was 13.6% higher than a year ago, canal authority chairman Osama Rabie said in a statement. The total number of ships that passed through the 193 km (120 miles) waterway that links the Red and the Mediterranean seas increased by 6.3% from a year ago to 1,929 vessels. They carried cargoes weighing in total 114.5 million tonnes, the highest monthly net…
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