{"id":542547,"date":"2022-01-03T03:46:09","date_gmt":"2022-01-03T03:46:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/03\/suez-canal-revenues-were-the-highest-on-record-in-21\/"},"modified":"2022-01-03T03:46:09","modified_gmt":"2022-01-03T03:46:09","slug":"suez-canal-revenues-were-the-highest-on-record-in-21","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/03\/suez-canal-revenues-were-the-highest-on-record-in-21\/","title":{"rendered":"Suez Canal revenues were the highest on record in \u201821"},"content":{"rendered":"

<\/a> Suez Canal revenues were up 12.2% in 2021, hitting a record USD 6.3 bn<\/strong>, Suez Canal Authority (SCA) boss Osama Rabie said, according to a cabinet statement<\/a>. The record-breaking revenues last year followed a modest 3% y-o-y dip in 2020<\/a> to USD 5.61 bn, the result of the pandemic slowdown.<\/p>\n

Last year\u2019s performance came on the back of an all-time high net tonnage<\/strong> passing through the waterway, which increased 8.5% y-o-y to 1.27 bn tons, beating the previous all-time high set in 2020. The number of transiting ships was up 10% y-o-y to record 20.7k vessels, despite the Ever Given crisis<\/a> that blocked the canal for almost a week in March.<\/p>\n

T<\/strong>he SCA worked to boost traffic through the canal last year<\/strong>, extending<\/a> a range of incentives and reductions<\/a> introduced in 2020 to counter the global trade slowdown due to covid-19.<\/p>\n

Reminder: One of the principal threats to the canal looks to have been spiked by the <\/strong>Israeli government.<\/strong> The proposed oil transport corridor between the UAE and Israel that could have undermined the Suez Canal\u2019s status as a major trade artery appears to have been blocked<\/a> by the Israeli government last week.<\/p>\n","protected":false},"excerpt":{"rendered":"

Suez Canal revenues were up 12.2% in 2021, hitting a record USD 6.3 bn, Suez Canal Authority (SCA) boss Osama Rabie said, according to a cabinet statement. The record-breaking revenues last year followed a modest 3% y-o-y dip in 2020 to USD 5.61 bn, the result of the pandemic slowdown. Last year\u2019s performance came on […]<\/p>\n","protected":false},"author":1,"featured_media":542548,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8996],"tags":[72,134,135,7103,133],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-542547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-suez-canal","tag-enterpriseam","tag-ever-given","tag-ossama-rabie","tag-suez-canal","tag-suez-canal-authority","wpautop","entry"],"acf":{"mongo_id":"5ecdab9a-ff65-47d5-ae69-31fe56c7c420","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/1\/23.jpg","photo_position":"above","related_issue":[542541],"teaser":"","voice_url":""},"yoast_head":"\nSuez Canal revenues were the highest on record in \u201821 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/03\/suez-canal-revenues-were-the-highest-on-record-in-21\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Suez Canal revenues were the highest on record in \u201821\" \/>\n<meta property=\"og:description\" content=\"Suez Canal revenues were up 12.2% in 2021, hitting a record USD 6.3 bn, Suez Canal Authority (SCA) boss Osama Rabie said, according to a cabinet statement. 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Reuters also had the story.Suez Canal\u2026","rel":"","context":"In "Suez Canal"","block_context":{"text":"Suez Canal","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/suez-canal\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/245.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554164,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/22\/suez-canal-revenues-hit-usd-6-1-bn-so-far-this-year\/","url_meta":{"origin":542547,"position":1},"title":"Suez Canal revenues hit USD 6.1 bn so far this year","author":"enterpriseam admin","date":"22 December 2021","format":false,"excerpt":"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,\u2026","rel":"","context":"In "Suez Canal"","block_context":{"text":"Suez Canal","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/suez-canal\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/453.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545521,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/03\/suez-canal-revenues-up-20-y-o-y-in-1q-2022\/","url_meta":{"origin":542547,"position":2},"title":"Suez Canal revenues up 20% y-o-y in 1Q 2022","author":"enterpriseam admin","date":"3 April 2022","format":false,"excerpt":"Suez Canal revenues rose 20% y-o-y in 1Q 2022 to USD 1.69 bn, the Suez Canal Authority (SCA) said in a statement. The number of ships transiting the canal increased nearly 16% y-o-y to register 5.3k vessels, while net tonnage was up 7.4% y-o-y at 313.3 mn tons. The SCA\u2026","rel":"","context":"In "Suez Canal"","block_context":{"text":"Suez Canal","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/suez-canal\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/85.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547738,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/05\/as-suez-canal-sees-record-revenues\/","url_meta":{"origin":542547,"position":3},"title":"\u2026As Suez Canal sees record revenues","author":"enterpriseam admin","date":"5 July 2022","format":false,"excerpt":"Suez Canal revenues jumped 20% to a record USD 7 bn in FY2021-2022, from USD 5.84 bn the previous year, Suez Canal Authority (SCA) head Osama Rabie said yesterday. The increase came on the back of a 16% rise in the number of ships transiting the canal to 22k, and\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/115.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542777,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/17\/suez-canal-targets-usd-7-bn-revenues-in-2022\/","url_meta":{"origin":542547,"position":4},"title":"Suez Canal targets USD 7 bn revenues in 2022","author":"enterpriseam admin","date":"17 January 2022","format":false,"excerpt":"Suez Canal revenues are expected to hit USD 7 bn in 2022, up 11.1% from last year, Suez Canal Authority (SCA) boss Osama Rabie said in an interview with Bloomberg Asharq yesterday on the sidelines of Dubai\u2019s Expo 2020 (watch, runtime: 6:25). Canal revenues hit a record USD 6.3 bn\u2026","rel":"","context":"In "Suez Canal"","block_context":{"text":"Suez Canal","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/suez-canal\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/186.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571886,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/03\/net-tonnage-at-egypts-suez-canal-falls-vessel-numbers-unchanged-in-may\/","url_meta":{"origin":542547,"position":5},"title":"Net tonnage at Egypt's Suez Canal falls, vessel numbers unchanged in May","author":"enterpriseam admin","date":"3 June 2020","format":false,"excerpt":"Suez Canal net tonnage falls, vessel numbers unchanged in May: Cargo shipped through the Suez Canal fell by nearly 10% y-o-y in May (to 94.8 tonnes from 104.9 tonnes in May 2019) as global trade tanked due to the covid-19 pandemic, Suez Canal Authority head Osama Rabie said. Despite the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/542547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=542547"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/542547\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/542541"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/542548"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=542547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=542547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=542547"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=542547"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=542547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}