CAIRO (AP) — Egypt’s Suez Canal mentioned Sunday its annual revenues reached $6.3 billion final yr, the best within the essential waterway’s historical past.
Admiral Ossama Rabei, head of the Suez Canal Authority, mentioned final yr’s revenues rose 12.8%, in comparison with 2020, when the canal achieved $5.6 billion.
He mentioned in an announcement that 20,649 vessels flowed by way of the Suez Canal final yr, a rise of 10% in comparison with 18,830 vessels in 2020.
About 10% of world commerce, together with 7% of the world’s oil, flows by way of the Suez Canal, which connects the Mediterranean and Purple seas. The canal, first opened in 1869, is supply of nationwide delight and overseas foreign money to Egypt.
The unprecedented 2021 revenues got here because the transport business remains to be underneath stress from two years of the coronavirus pandemic.
The canal, one of many world’s most important waterways, was blocked for six days in March when a large Panama-flagged container ship, the Ever Given, ran aground within the single-lane stretch of the waterway.