{"id":558982,"date":"2021-01-04T03:51:18","date_gmt":"2021-01-04T03:51:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/04\/2020-wasnt-a-complete-disaster-for-the-suez-canal\/"},"modified":"2021-01-04T03:51:18","modified_gmt":"2021-01-04T03:51:18","slug":"2020-wasnt-a-complete-disaster-for-the-suez-canal","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/04\/2020-wasnt-a-complete-disaster-for-the-suez-canal\/","title":{"rendered":"2020 wasn\u2019t a complete disaster for the Suez Canal"},"content":{"rendered":"

<\/a> Suez Canal revenues dipped 3% in 2020 to USD 5.61 bn <\/strong>compared to USD 5.8 bn in 2019, the Suez Canal Authority said in a statement<\/a> yesterday. The canal recorded its second-highest annual net tonnage last year at 1.17 bn tonnes from over 18k ships crossing the canal.<\/p>\n

Incentives and reductions the authority introduced last year to counter the global trade slowdown due to covid-19 will<\/strong> extend<\/strong> into 2021<\/strong>, Chairman Osama Rabie said. LNG, LPG, and oil carriers will receive<\/a> reductions on their Suez Canal transit fees between 30-75%. Transit fees for all ships will be fixed<\/a> in 2021 at the same price as the previous year as another initiative to spur movement across the canal. Rabie said that these marketing policies had helped to protect much of the canal\u2019s shipping volumes and revenues during the pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"

Suez Canal revenues dipped 3% in 2020 to USD 5.61 bn compared to USD 5.8 bn in 2019, the Suez Canal Authority said in a statement yesterday. The canal recorded its second-highest annual net tonnage last year at 1.17 bn tonnes from over 18k ships crossing the canal. Incentives and reductions the authority introduced last […]<\/p>\n","protected":false},"author":1,"featured_media":558983,"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":[9935],"tags":[72,7143,9934,7103,133],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-558982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shipping","tag-enterpriseam","tag-osama-rabie","tag-shipping","tag-suez-canal","tag-suez-canal-authority","wpautop","entry"],"acf":{"mongo_id":"f90fa9f6-0cae-46b9-8270-6ab39a68075c","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/1\/41.jpg","photo_position":"above","related_issue":[558966],"teaser":"","voice_url":""},"yoast_head":"\n2020 wasn\u2019t a complete disaster for the Suez Canal - 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\/2021\/01\/04\/2020-wasnt-a-complete-disaster-for-the-suez-canal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2020 wasn\u2019t a complete disaster for the Suez Canal\" \/>\n<meta property=\"og:description\" content=\"Suez Canal revenues dipped 3% in 2020 to USD 5.61 bn compared to USD 5.8 bn in 2019, the Suez Canal Authority said in a statement yesterday. The canal recorded its second-highest annual net tonnage last year at 1.17 bn tonnes from over 18k ships crossing the canal. Incentives and reductions the authority introduced last […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/04\/2020-wasnt-a-complete-disaster-for-the-suez-canal\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-04T03:51:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/41.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\/2021\/01\/04\/2020-wasnt-a-complete-disaster-for-the-suez-canal\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/04\/2020-wasnt-a-complete-disaster-for-the-suez-canal\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"2020 wasn\u2019t a complete disaster for the Suez Canal\",\"datePublished\":\"2021-01-04T03:51:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/04\/2020-wasnt-a-complete-disaster-for-the-suez-canal\/\"},\"wordCount\":139,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/04\/2020-wasnt-a-complete-disaster-for-the-suez-canal\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/41.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"Osama Rabie\",\"SHIPPING\",\"Suez Canal\",\"Suez Canal Authority\"],\"articleSection\":[\"SHIPPING\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/04\/2020-wasnt-a-complete-disaster-for-the-suez-canal\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/04\/2020-wasnt-a-complete-disaster-for-the-suez-canal\/\",\"name\":\"2020 wasn\u2019t a complete disaster for the Suez Canal - 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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":547738,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/05\/as-suez-canal-sees-record-revenues\/","url_meta":{"origin":558982,"position":1},"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":554164,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/22\/suez-canal-revenues-hit-usd-6-1-bn-so-far-this-year\/","url_meta":{"origin":558982,"position":2},"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":549442,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/18\/suez-canal-authority-to-hike-transit-fees-by-15-next-year\/","url_meta":{"origin":558982,"position":3},"title":"Suez Canal Authority to hike transit fees by 15% next year","author":"enterpriseam admin","date":"18 September 2022","format":false,"excerpt":"Transiting the Suez Canal is getting pricier next year: Fees for most vessels crossing the Suez Canal will rise 15% starting 1 January 2023, Suez Canal Authority (SCA) Chairman Osama Rabie said in a statement Saturday.The exceptions: The SCA will hike rates for dry bulk ships and cruise ships by\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\/9\/254.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":558982,"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":555219,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/07\/suez-canal-continues-clawing-back-pandemic-price-cuts\/","url_meta":{"origin":558982,"position":5},"title":"Suez Canal continues clawing back pandemic price cuts","author":"enterpriseam admin","date":"7 November 2021","format":false,"excerpt":"Suez Canal transit fees are set to increase by 6% for most ships starting February 2022, as the Suez Canal Authority looks to capitalize on rising traffic, which it expects to increase by almost 7% next year, according to a statement on Thursday. 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