-
The revenue in May at US $657 million marked a growth of 23 percent on a year-on-year basis.
The Suez Canal has achieved a record monthly revenue in its history during May, according to a televised statement by the head of the Suez Canal Authority, Osama Rabie. The revenue in May at the US $657 million marked a growth of 23 percent on a year-on-year basis. He pointed out that this highlighted the critical role played by the Suez Canal to ensure the sustainability and stability of supply chains amidst the global challenges. In April 2022, the revenue stood at $629 million, with a total net tonnage of 114.5 million tons.
It may be noted that Osama Rabie, head of the Suez Canal Authority, had earlier announced that the navigation statistics in the Canal during April had set new and unprecedented records throughout the history of the Canal. The heightened activity was triggered as the outcome of the Russian war on Ukraine a gas and oil supply to Europe from the Gulf pass through the Suez Canal.
ReadAlso;https://
https://trendsnafrica.com/
