{"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":"<p><strong>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 <a href=\"https:\/\/www.facebook.com\/SuezCanalAuthorityEG\/posts\/284328347208524\">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 <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5ae94891-e027-4d1d-a265-2fc17b43d749\">raised fees by 6%<\/a> for most ships at the start of February, and is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4efd47f2-548c-4454-aaed-14c2016ce56e\">targeting revenues<\/a> of USD 7 bn from the canal in 2022, after hitting a record USD 6.3 bn in 2021.<\/p>\n<p><strong>Global shipping costs have increased sixfold since war broke out in Ukraine<\/strong>, SCA Chairman Osama Rabie told <a href=\"https:\/\/www.asharqbusiness.com\/article\/35678\">Bloomberg Asharq<\/a>, leading the authority to introduce another round of fee hikes for transiting vessels. Vessels carrying crude and petroleum products <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a162e4f8-4b94-4485-be75-e10e4ce2f07b\">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":"<p>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 [&hellip;]<\/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":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Suez 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 [&hellip;]\" \/>\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. The SCA raised fees by 6% for [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/03\/suez-canal-revenues-up-20-y-o-y-in-1q-2022\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2022-04-03T04:03:10+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/85.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@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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PLUS: News from the FRA","author":"enterpriseam admin","date":"18 October 2023","format":false,"excerpt":"The government now expects canal revenues to rise by more than a third this year to USD 10.3 bn","rel":"","context":"In \"ALSO ON OUR RADAR\"","block_context":{"text":"ALSO ON OUR RADAR","link":"https:\/\/enterpriseam.com\/egypt\/tag\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/887.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542547,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/03\/suez-canal-revenues-were-the-highest-on-record-in-21\/","url_meta":{"origin":545521,"position":1},"title":"Suez Canal revenues were the highest on record in \u201821","author":"enterpriseam admin","date":"3 January 2022","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Suez Canal&quot;","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":634144,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/08\/suez-canal-revenues-rise-5-4-in-2017\/","url_meta":{"origin":545521,"position":2},"title":"Suez Canal revenues rise 5.4% in 2017","author":"enterpriseam admin","date":"8 January 2018","format":false,"excerpt":"Suez Canal revenues rose 5.4% y-o-y in 2017 to USD 5.3 bn, up fractionally from USD 5 bn in 2016, Al Borsa reports. The canal saw increased traffic throughout the year with ships carrying heavier cargo loads, Suez Canal Authority head Mohab Mamish said.","rel":"","context":"In &quot;Speed Round&quot;","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":[]},{"id":627945,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/19\/suez-canal-revenues-rise-11-5-y-o-y-during-fy2017-18\/","url_meta":{"origin":545521,"position":3},"title":"Suez Canal revenues rise 11.5% y-o-y during FY2017-18","author":"enterpriseam admin","date":"19 June 2018","format":false,"excerpt":"Also good for the nation\u2019s finances: Record Suez Canal revenues. Suez Canal revenues rose 11.5% y-o-y during FY2017-18 to USD 5.585 bn, up from USD 5.008 bn in FY2016-17, according to the Suez Canal Authority. The canal\u2019s revenues during the current fiscal year mark an all-time high, authority chief Mohab\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":[]},{"id":658910,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/19\/egypts-current-account-deficit-doubles-to-usd-5-9-bn-in-1q-fy-2024-2025\/","url_meta":{"origin":545521,"position":4},"title":"Egypt\u2019s current account deficit doubles to USD 5.9 bn in 1Q FY 2024-2025","author":"enterpriseam admin","date":"19 January 2025","format":false,"excerpt":"The deficit was driven by a sharp increase in the trade deficit and a significant decline in Suez Canal revenues","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1169.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":652889,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/22\/suez-canal-revenues-fall-in-2016\/","url_meta":{"origin":545521,"position":5},"title":"Suez Canal revenues fall in 2016","author":"enterpriseam admin","date":"22 January 2017","format":false,"excerpt":"Suez Canal revenues dropped by USD 170 mn y-o-y to record USD 5.01 bn in 2016, Reuters\u2019 calculations showed. The canal generated USD 5.18 bn in 2015.","rel":"","context":"In &quot;Speed Round&quot;","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\/545521","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=545521"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/545521\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/545509"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/545522"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=545521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=545521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=545521"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=545521"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=545521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}