The Suez Canal data the best annual income of $7 billion – Muricas News

The top of the Suez Canal Authority, Lieutenant-Common Osama Rabie, introduced right this moment, Monday, that the navigation statistics within the canal through the fiscal 12 months 2022/2021 recorded “new and unprecedented data” all through the historical past of the canal, reaching the best annual internet tonnage for a fiscal 12 months of 1.32 billion tons, and the best annual income. Mali, with a worth of $7 billion, exceeding all beforehand recorded figures.

In a press release revealed by the Suez Canal Authority on its Fb web page right this moment, Rabie stated that navigational reviews through the fiscal 12 months 2021/2022 monitored a big enhance within the variety of ships transiting the canal, as 22,032 ships crossed the canal throughout that interval, in comparison with 19,047 ships. Through the fiscal 12 months 2021/2020, a distinction of two,985 ships, a rise of 15.7 %.

He identified that the whole internet tonnage crossing the canal amounted to 1.32 billion tons through the fiscal 12 months 2022/2021, in comparison with 1.19 billion tons through the fiscal 12 months 2021/2020, a distinction of 130 million tons, and a rise of 10.9%.

He identified that the rise within the quantity and tonnage of ships transiting the canal through the fiscal 12 months 2022/2021 contributed to reaching a significant growth within the income of the canal denominated in dollars, reaching the best annual monetary return within the historical past of the canal of seven billion dollars, in comparison with 5.8 billion dollars through the 2021/2020 fiscal 12 months, a rise amounting to $1.2 billion, a rise of 20.7%.

The top of the Suez Canal Authority pressured that the unprecedented report outcomes recorded by the transit commerce motion within the Suez Canal through the fiscal 12 months “are a mirrored image of some world adjustments that led to a rise within the financial savings achieved by the Suez Canal in comparison with various routes in mild of the excessive costs of chartering ships and transport traces, the rise in oil costs and the change in Map of world commerce because of the Russian-Ukrainian warfare.

Lieutenant-Common Rabie pressured that successive world crises “proved past any doubt the management of the Suez Canal and its significance to make sure the steadiness and sustainability of worldwide provide chains because the quickest, shortest and most secure navigational routes.”

Lieutenant-Common Rabie revealed the rise within the charges of crossing several types of ships of the world fleet by way of the Suez Canal through the fiscal 12 months 2022/2021, stating on this regard that container ships transiting the canal throughout that interval had been crucial classes of ships transiting the canal in keeping with the whole transit tonnages and their share of income. The investigator, as 5520 container ships crossed with a complete internet tonnage of 638,000 tons, reaching revenues of $3.4 billion through the fiscal 12 months 2022/2021, which is defined by the truth that many transport traces added new navigational companies by way of the canal.

He identified that dry bulk vessels got here in second place as crucial class of vessels transiting the Canal, as 6,327 bulk vessels with a complete internet tonnage of 254 thousand tons crossed, reaching revenues of 1.3 billion dollars. To make up for the shortfall in Russian provides to those nations.

He added that oil tankers ranked third when it comes to their relative significance, as 5451 oil tankers with a complete internet tonnage of 236 thousand tons crossed, reaching revenues of 1.2 billion dollars in that interval affected by the advance in demand for crude oil with the restoration of main economies.

He identified that 886 liquefied pure fuel tankers with a complete internet tonnage of 97,000 tons have crossed, producing revenues of $435 million. The Suez Canal additionally witnessed the transit of 1959 common cargo ships, 966 automotive carriers and 60 passenger ships.