24 Aug 2021

Revenues from the Suez Canal have reached a new record in FY20/21, recording USD5.8bn, which represents a 2.1% YoY increase. This comes despite the canal blockage that happened that year due to the container ship Ever Given getting stuck for 6 days, and the subsequent disruption in the canal’s traffic. During the period between 20 January 2021 – 20 August 2021, revenues increased by an impressive 11% YoY to reach USD3.9bn. It is worthy to note that about 15% of global shipping traffic passes through the Suez Canal.

(Source: Reuters (English), Zawya (English), Arab News (English), Amwal al-Ghad, Arab Finance, al-Shurouk, al-Watan, Sada el-Balad, CNBC Arabia, Sky News Arabia)