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Home In Brief

Suez Canal sees record $6B in revenue for 2021

by  Reuters and ILH Staff
Published on  12-19-2021 15:26
Last modified: 12-20-2021 11:38
Egypt races to free 'beached' vessel blocking Suez CanalCnes2021, Distribution Airbus DS via AP

This satellite image from Cnes2021, Distribution Airbus DS, shows the cargo ship MV Ever Given stuck in the Suez Canal near Suez, Egypt, March 25, 2021 | File photo: Cnes2021, Distribution Airbus DS via AP

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Egypt's Suez Canal earned revenue of $6 billion from January until the first half of December, the canal authority's chairman, Osama Rabie, said in a statement on Sunday, noting it was the period's highest ever revenue.

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The highest-ever revenue comes in a year that saw all shipping traffic through the key artery stopped after the cargo ship Ever Given became stuck on March 23, blocking the canal. The ship was finally freed on March 29 and shipping traffic resumed.

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