Suez Canal revenues are up 13% y-o-y, rising to USD 6.1 bn YTD, Suez Canal Authority boss Osama Rabie said, according to a cabinet statement. The waterway recorded USD 5.61 bn in full-year receipts in 2020.

Ever what? The waterway had a record-breaking year in terms of revenues and traffic volumes, with almost 20k ships crossing the canal this year so far, compared to 18k ships in all of last year, with a 5.1% y-o-y increase in annual net tonnage. The performance comes despite the Ever Given crisis that blocked the canal for almost a week in March.

The SCA worked to boost traffic through the canal this year, slashing transit fees for tankers at the end of 2020 and some container ships at the beginning of July, while transit fees for all ships were frozen at 2020 rates.

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