ISMAILIYA, Egypt, May 1 (Reuters) – 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 on Sunday, 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 cumulative payload to transit the waterway, he said.
The number of oil tankers, liquefied natural gas tankers and container carriers increased respectively by 25.8%, 12% and 9% in April versus a year ago, he added.
The Trump administration took steps to impose levies on Chinese vessels docking at US ports, threatening to shake up global shipping routes and escalate the trade war between the world’s two biggest economies.
Liner shipping association the World Shipping Council (WSC) has raised significant concerns about the newly announced U.S. Trade Representative port fee regime, warning of potential adverse effects on American trade...
Scaled-back from earlier proposals, the final USTR plan softens fee levels and offers exemptions and incentives, aiming to curb Chinese dominance without crippling global trade flows. The U.S. Trade Representative...
April 17, 2025
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