Suez Canal revenues hit an all-time high in 2021 of $6.3 billion, versus $5.6 billion in 2020, according to Suez Canal Authority chairman Osama Rabie.
More Details🧐 20,694 ships passed through the canal in 2021, versus 18,830 in 2020, marking a 10% increase. Net tonnage across the canal reached 1.27 billion tonnes in 2021, versus 1.17 billion tonnes in 2020, an 8.5% increase.
Why is this Important🤔 At the national economy level, the Suez Canal is one of the main sources of foreign exchange. Rabie attributed the increase to the flexible marketing policies adopted by the canal in dealing with various types of ships passing through, especially liquified natural gas (LNG) carriers.
