Join our crew and become one of the 105,929 members that receive our newsletter.
Fishermen travel on boats near the "Hamburg Highway" vehicles carrier passing through the Suez Canal in Ismailia, Egypt July 7, 2021. Picture taken July 7, 2021. REUTERS/Amr Abdallah Dalsh/File Photo
Suez Canal Records Highest Monthly Revenue In April
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 Port of Los Angeles reported a 19% increase in container units handled in March, marking the eighth consecutive month of year-over-year growth. The port processed 743,417 TEUs in March,...
The U.S. Department of Transportation’s Federal Transit Administration (FTA) has announced the availability of $316 million to support and modernize passenger ferry services across the country. The funding, part of...
Global shipping giant Maersk has released a detailed update on its operations following the collapse of Baltimore’s Key Bridge. The company, which chartered the MV Dali, has now confirmed that...
5 hours ago
Total Views: 2955
Why Join the gCaptain Club?
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.