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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Egypt’s Suez Canal Records All-time Highest Daily Traffic Rate on Saturday

A shipping container passes through the Suez Canal in Suez, Egypt February 15, 2022. Picture taken February 15, 2022. REUTERS/Mohamed Abd El Ghany

Traffic passing through Egypt's Suez Canal on Saturday reached an all-time record per day in the canal's history with 89 ships carrying a total net tonnage of 5.2 million tons passing through both directions.

Suez Canal Authority (SCA) Chairman Osama Rabea said in a statement that a total of 44 ships had passed through the canal from the north with a net tonnage of three million tons.

He confirmed that 45 ships also crossed from the south with a net tonnage of 2.2 million tons.

Earlier in July, Rabea said the Canal revenue reached $704 million.

The figure reflected a 32.4% increase from the same month last year, when the canal only recorded $531.8 million.

The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government’s main sources of foreign currency.

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