In January 2023, the Suez Canal International Waterway achieved a record-breaking revenue in its history. The announcement was made on Thursday by Osama Rabie, the Chairman of the Suez Canal Authority.

Osama Rabie said, 2,155 ships transited the canal from both ways in January 2023, compared to 1,774 boats in January 2022. The record is a 21.5% increase. It recorded $802 million surpassing the record achieved in August.

Osama Rabie added that navigation statistics in the canal in January recorded the highest monthly transit rate of oil tankers with the passage of 677 tankers.

Statistics also show a rise in the monthly net tonnage crossing the canal to a record 123.5 million tons against 106.2 million tons in January last year.

The number of bulk ships that transited the waterway increased by 17.1%, while car carrier ships increased by 16.3%, manifesting the success of the new marketing and pricing policies adopted by the authority.

He attributed these unprecedented indicators to the navigation strategy adopted by the canal authority over the past few years that helped to maintain the global ranking of the canal as the shortest, fastest, and safest maritime route in the world.

In 2022, the Suez Canal revenues hit a record of $8 billion, from $6.3 billion in 2021.