Admiral Osama Rabie, Chairman and Managing Director of the Suez Canal Authority, has said that the Suez Canal was not affected by the fallout of the Ukrainian-Russian crisis.
Admiral Rabie noted that navigation figures in the canal during the first quarter of 2022 indicated a remarkable rise in the number of ships crossing the canal. From January to March 2022, that number recorded 5,303 ships compared to 4,581 ships during the same period in 2021; an increase of 15.8 per cent. The shiploads transiting the canal increased by 7.4 per cent.
According to Admiral Rabie, the Suez Canal achieved an increase of 20 per cent in revenue during the first quarter of 2022, bringing in one billion and 691 million dollars compared to a billion and 409 million during the same period last year.
Navigation in the canal, the Admiral said, is continuing in unprecedentedly high levels, with daily transit rates on the first two days of April recording 74 and 80 ships respectively, at a total net shipload of nine million tons.
He noted that the rise in average daily transit of ships in the canal reflects recovery of the maritime transport market and a remarkable growth in the global trade movement.
Admiral Rabie stressed that the Suez Canal Authority is keen to deal with challenges facing the maritime transport market by adopting a package of flexible marketing policies through which it can keep pace with market changes and take into account the interest of customers.
Watani International
4 April 2022
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