Despite blockage crisis, Suez Canal achieves record revenues
The Egyptian government announced that the Suez Canal has achieved the highest monthly revenue in its history in April, exceeding half a billion dollars, despite obstruction of navigation in late March after a giant vessel went aground on the international waterway.
CAIRO — The Suez Canal recorded the highest monthly revenue in its history in April, more than half a billion dollars, despite the blockage of navigation in late March caused by a giant Panama-flagged vessel.
Navigation in the Suez Canal was blocked at the end of March when the Ever Given cargo ship ran aground on a narrow passageway of the international canal. It took six days for salvage crews to free the ship, after which navigation resumed in the canal.
