The Suez Canal averaged a record income in April


Egypt’s Suez Canal is the highest-earning city in history this April. The news agency Reuters quoted the canal authorities as saying .

. . . .

In April, the Suez Canal Authority collected 629 million in shipping fees . In a statement, Osama Rabi’i, chairman of the Suez Canal Authority, said revenue had increased by 13.6 percent in April this year compared to April last year.

The Suez Canal is a 193-kilometer artificial sea canal west of the Sinai Peninsula in Egypt. It connected the Mediterranean to the Red Sea through the Isthmus of Suez and divided Africa and Asia. The canal is part of the Silk Road that connects Europe with Asia.

The 193-kilometer Suez Canal, which connects the Red Sea and the Mediterranean, is widely used as a trade route between Asia and Europe. Ship crossings on the route have been low for the past two years due to corona. This year it has increased naturally.