Suez Canal revenues rose almost 11.2% y-o-y to USD 3.88 bn from January to August, compared with the preceding year when revenues came in at USD 3.49 bn, Suez Canal Authority (SCA) boss Osama Rabie told a Sada El Balad Sunday (watch, runtime 9:03). Reuters also had the story.

Suez Canal revenues hit a record USD 5.84 bn in FY2020-2021, up slightly from USD 5.72 bn the year before, despite the Ever Given crisis that blocked the canal for almost a week in March. Almost 9.8K ships crossed the canal during 1H2021, compared to 9.5K ships last year.

The SCA has been making an effort to boost traffic through the canal, slashing transit fees for LNG tankers at the end of 2020 and some container ships at the beginning of July, and freezing transit fees for all ships at 2020 rates.

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