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Suez Canal revenues hit a record $2.3 bn in Q1 of 2023, according to the navigation traffic report released by the Suez Canal Authority (SCA). The report reviewed by the Egyptian President revealed that the number of vessels passing through the canal surged by almost 20% YoY during the first three months of 2023.
Further, the Suez Canal recorded the highest daily crossing rate in its history on 13 March 2023, with 107 ships and a tonnage of 6.30 M tons. The announcement was made during a meeting held by El-Sisi with Egypt’s Prime Minister, Moustafa Madbouly, and SCA Chairman, Osama Rabie last Tuesday.
