Suez Canal’s revenues hit $854.7mln in November

A man waves at a shipping container belonging to HMM as it passes through the Suez Canal in Ismailia, Egypt October 5, 2021. REUTERS/Mohamed Abd El Ghany
Reuters/REUTERS

It is worth noting that, the Suez Canal recorded the highest annual revenues in its history in fiscal year (FY) 2022/2023, amounting to $9.4 billion

Staff Writer, Arab Finance

November 30, 2023

PHOTO
A man waves at a shipping container belonging to HMM as it passes through the Suez Canal in Ismailia, Egypt October 5, 2021. REUTERS/Mohamed Abd El Ghany

The Suez Canal has generated the highest monthly revenue in its history, amounting to $854.7 million, in November, with an annual growth rate of 20.3%, Asharq Business reported on November 30th, citing a statement from the Suez Canal Authority (SCA).

Additionally, the number of vessels that crossed the canal in November increased by about 4.3% to 2,264, with a monthly record high of net tonnage at 135.5 million tons, marking an 8.2% year-on-year (YoY) increase.

It is worth noting that, the Suez Canal recorded the highest annual revenues in its history in fiscal year (FY) 2022/2023, amounting to $9.4 billion.

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