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Thndr Claps » EGY Claps » Economy 🏙 » Suez Canal records highest ever revenues in July 2022 🚢

Suez Canal records highest ever revenues in July 2022 🚢

by Omar El Shorafa
August 2, 2022

The Clap
In July 2022, the Suez Canal recorded $704 million in revenues, the largest ever revenue in its history.

The Deets
According to the Suez Canal Authority, the revenues during July 2022 increased by 32.4% in comparison to July 2021. 

Why the Jump in Revenues?
The Suez Canal Authority justified the increase in revenues due to growth in the number of oil tankers by 60.2%. The revenue from oil tankers alone reached $153 million. 

Natural gas carriers increased by 31% as well, recording their highest revenue of $52 million in July. 

Highest Daily Revenue
On July 29, 2022, the Suez Canal recorded its highest ever revenue in its history at $31.8 million.

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