The Suez Canal Authority published traffic figures for 2020, noting that 18,829 ships with a net tonnage of 1.17 billion tonnes passed through the canal during 2020.
The revenues of Egypt’s Suez Canal reached 5.61 billion U.S. dollars in 2020, Chairman of the Suez Canal Authority (SCA) Osama Rabie informed last week.
This is the third highest annual revenue reported in the history of the Suez Canal, with the Chairman noting that the difficulty to reach this record amid the coronavirus-caused decline in global trade and economic movement.
In addition, 18,829 ships with a net tonnage of 1.17 billion tonnes passed through the canal during 2020, emphasizing the flexibility of the SCA in dealing with crises caused by the pandemic.
Meanwhile, the Suez Canal transit tolls for all types of vessels will not change in 2021.
Currently, about 12% of the world trade volume passes through the man-made canal, which is a major source of hard currency in Egypt.