- This resulted in a record return for the canal by the end of 2022 with about $8 billion, a rise of 25% over 2021
According to Zawya article published on January 3, 2023, the Chairman of the Suez Canal Authority (SCA), Osama Rabie, said a total of 23,583 ships transited the international waterway in 2022, a year-on-year (YoY) increase of 15%.
This resulted in a record return for the canal by the end of 2022 with about $8 billion, a rise of 25% over 2021, according to an official statement.
The positive results were driven by the digging of the new Suez Canal and ongoing efforts to continue the stages of the canal’s development strategy, which reflected on an increase in its total capacity.
In 2021, a total of 20,694 ships crossed the canal, up from about 18,830 ships in 2020.
