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Suez Canal Authority reports a record monthly revenue of $629m in transit fees in April

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Suez Canal Authority posted for April a $629 revenue in ship transit fees. The record 13.6% growth was contributed to traffic rebound from the impact of the pandemic, Reuters reported citing the SCA Chairman Osama Rabie.

The total number of ships that passed through the 193 km (120 miles) waterway that links the Red and the Mediterranean seas increased by 6.3% from a year ago to 1,929 vessels, the canal authority official said.

The ships carried cargoes weighing in total 114.5 million tonnes, the highest monthly net cumulative payload to transit the waterway. The number of oil tankers, liquefied natural gas tankers and containerships increased respectively by 25.8%, 12% and 9% in April versus a year ago, Osama Rabie said.

In addition to the impact of the pandemic, last year’s flows were disrupted after a container ship ran aground in the canal in late March.

Suez Canal Authority posted for April a $629 revenue in ship transit fees. The record 13.6% growth was contributed to traffic rebound from the impact of the pandemic, Reuters reported citing the SCA Chairman Osama Rabie.

The total number of ships that passed through the 193 km (120 miles) waterway that links the Red and the Mediterranean seas increased by 6.3% from a year ago to 1,929 vessels, the canal authority official said.

The ships carried cargoes weighing in total 114.5 million tonnes, the highest monthly net cumulative payload to transit the waterway. The number of oil tankers, liquefied natural gas tankers and containerships increased respectively by 25.8%, 12% and 9% in April versus a year ago, Osama Rabie said.

In addition to the impact of the pandemic, last year’s flows were disrupted after a container ship ran aground in the canal in late March.

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