{"id":545521,"date":"2022-04-03T04:03:10","date_gmt":"2022-04-03T04:03:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/03\/suez-canal-revenues-up-20-y-o-y-in-1q-2022\/"},"modified":"2022-04-03T04:03:10","modified_gmt":"2022-04-03T04:03:10","slug":"suez-canal-revenues-up-20-y-o-y-in-1q-2022","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/03\/suez-canal-revenues-up-20-y-o-y-in-1q-2022\/","title":{"rendered":"Suez Canal revenues up 20% y-o-y in 1Q 2022"},"content":{"rendered":"

Suez Canal revenues rose 20% y-o-y in 1Q 2022 to USD 1.69 bn<\/strong>, the Suez Canal Authority (SCA) said in a statement<\/a>. 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 raised fees by 6%<\/a> for most ships at the start of February, and is targeting revenues<\/a> of USD 7 bn from the canal in 2022, after hitting a record USD 6.3 bn in 2021.<\/p>\n

Global shipping costs have increased sixfold since war broke out in Ukraine<\/strong>, SCA Chairman Osama Rabie told Bloomberg Asharq<\/a>, leading the authority to introduce another round of fee hikes for transiting vessels. Vessels carrying crude and petroleum products will pay a 15% surcharge<\/a> as of 1 May, up from 5% currently, while charges are also being raised for other types of vessels. The number of transiting ships fell \u201cslightly\u201d short of expectations in 1Q on the back of Russia\u2019s war, Rabie added, though not enough to impact revenues.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 raised fees by 6% for […]<\/p>\n","protected":false},"author":1,"featured_media":545522,"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":[72,78,7103],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-545521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-suez-canal","tag-enterpriseam","tag-ipo-watch","tag-suez-canal","wpautop","entry"],"acf":{"mongo_id":"f377ec1b-cccb-48f9-a0a0-b56f9bacd950","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/4\/85.jpg","photo_position":"above","related_issue":[545509],"teaser":"","voice_url":""},"yoast_head":"\nSuez Canal revenues up 20% y-o-y in 1Q 2022 - 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\/04\/03\/suez-canal-revenues-up-20-y-o-y-in-1q-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Suez Canal revenues up 20% y-o-y in 1Q 2022\" \/>\n<meta property=\"og:description\" content=\"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 raised fees by 6% for […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/03\/suez-canal-revenues-up-20-y-o-y-in-1q-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-03T04:03:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/85.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/03\/suez-canal-revenues-up-20-y-o-y-in-1q-2022\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/03\/suez-canal-revenues-up-20-y-o-y-in-1q-2022\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Suez Canal revenues up 20% y-o-y in 1Q 2022\",\"datePublished\":\"2022-04-03T04:03:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/03\/suez-canal-revenues-up-20-y-o-y-in-1q-2022\/\"},\"wordCount\":166,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/03\/suez-canal-revenues-up-20-y-o-y-in-1q-2022\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/85.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"IPO watch\",\"Suez Canal\"],\"articleSection\":[\"Suez Canal\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/03\/suez-canal-revenues-up-20-y-o-y-in-1q-2022\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/03\/suez-canal-revenues-up-20-y-o-y-in-1q-2022\/\",\"name\":\"Suez Canal revenues up 20% y-o-y in 1Q 2022 - 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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. 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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\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\/23.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":608345,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/18\/suez-canal-transit-fees-to-rise-next-year-plus-news-from-the-fra\/","url_meta":{"origin":545521,"position":1},"title":"Suez Canal transit fees to rise next year. 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This is 32% higher than August 2021.Record tonnage + traffic: The large revenues came on the back of record tonnage and a record number of vessels transiting the\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":558732,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/suez-canal-revenues-are-up\/","url_meta":{"origin":545521,"position":4},"title":"Suez Canal revenues are up","author":"enterpriseam admin","date":"24 August 2021","format":false,"excerpt":"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). 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