Suez Canal annual revenue hits record $9.4b 

Suez Canal annual revenue hits record $9.4b 

The Chairman of the Suez Canal Authority announced in a statement that this year’s revenues hit a record $9.4 billion in the current financial year, which ends on June 30.

Chairman of the Suez Canal Authority, Osama Rabea, added that this year’s record is up from $7 billion in the previous year.

“For the first time in the canal’s history, the authority has achieved revenues of about $9.4 billion,” he told reporters. About  25,887 ships have passed through the canal so far in the current financial year versus 23,800  ships the previous year,  according to the authority’s website.

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