Suez Canal - Surprising additional revenue

Despite the days-long closure at the end of March due to the accident involving the large container ship EVER GIVEN (20,124 TEU) Egypt in the first half of 2021 with the Suez Canal Record revenue achieved. According to the canal authority SCA, more than 9,700 ships travelled through the waterway in the first six months, around 200 more than in the same period last year. The fees collected for this amounted to around three billion dollars, an increase of 8.6 per cent. In the 2020/2021 financial year as a whole, which ended on 30 June, around 19,000 ships generated revenue of USD 5.84 billion. The EVER GIVEN has now been able to continue its journey to the Mediterranean after being detained for over 100 days by the Egyptian authorities in the Great Bitter Sea. This was after an agreement was reached between the Suez Canal Authority and the shipping company regarding Egyptian compensation claims. The parties have agreed not to disclose the amount paid.

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