Egypt's Suez Canal hits record high monthly revenue in July

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Egypt's Suez Canal hits record high monthly revenue in July

STORY: Egypt's Suez Canal hits record high monthly revenue in July DATELINE: Aug. 3, 2022 LENGTH: 00:01:04 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of a aboard reading: "Welcome to Safe Egypt and its Secure Canal" 2. various of vessels crossing the Suez Canal STORYLINE: Egypt's Suez Canal Authority (SCA) announced on Tuesday that the canal recorded its highest ever monthly revenue in July, reaching 704 million U.S. dollars, in addition to the highest monthly transit and highest net tonnage. According to a statement by the authority, Osama Rabie, head of the SCA, said this increase in revenue is up from 531.8 million U.S. dollars during the same month in the previous fiscal year. In July 2022, 2,103 vessels crossed the canal, compared to 1,670 vessels in July 2021. Moreover, 125.1 million tonnes of cargos were shipped through the canal, up from 105.8 million tonnes in July 2021. Rabie pointed out that this July also witnessed a significant jump in the transit rates of various types of ship

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