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Egypt reaps bountiful harvest from Suez Canal in 2021

Suez Canal, Egypt
– rakes in $6.3bn from 1.27 billion tonnage
—-records 20,694 vessels patronage
Eyewitness reporter with agency report
The Suez Canal Authority (SCA) has announced an unprecedented revenue of $6.3bn from the Canal, with 1.27 billion net tonnages in 2021.
Suez Canal accounts for 15.7% of the global seaborne grain trade.

Osama Rabie, the Chairperson of the Suez Canal Authority (SCA), announced on Sunday that the navigation statistics of the canal in 2021 recorded new and unprecedented figures, achieving the highest annual revenue in the history of the canal — amounting to $6.3bn — and the largest annual net tonnages of 1.27 billion tonnes.

The SCA chairman explained that navigation in the canal in 2021 witnessed the transit of 20,694 ships in both directions, compared to 18,830 ships in 2020, recording an increase of 10%.

The total net tonnages also increased by 8.5%, reaching 1.27 billion tonnes, compared to the 1.17 billion tonnes recorded in 2020.

He added that the Suez Canal’s revenues in 2021 achieved a significant increase of 12.8% in dollars, recording $6.3bn, as opposed to 2020’s $5.6bn.

Rabie stressed that the indicators related to the volume of trade transiting the Suez Canal (represented in net tonnages) exceeded the rates of increase in the growth rates of global trade, despite the fact that the rate of increase in the volume of world trade freight transported by sea during the year 2021 amounted to 3.7%, according to Clarksons Shipping.

The rate of increase in the volume of world trade transiting through the canal was about 8.5%.

Moreover, the volume of container trade transiting the canal increased by 7.2% in 2021, while the rate of increase in the volume of container trade globally reached 6% during the same period.

Additionally, the increase in the volume of trade in bulk goods passing through the canal was 19.5% compared to 4.1%, which is the percentage of the global increase in the volume of casting goods during 2021.

Rabie pointed out that navigational reports in 2021 recorded a significant increase in the transit rates of various types of ships compared to 2020.

The number of liquified natural gas carriers increased by 36.6% from 686 ships in 2020 to 937 ships in 2021.

Container ships transiting the canal increased by 10.1 %, bringing the total number to 5,186 container ships, compared to 4,710 ships in 2020.

The increase in the number of bulk ships also reached 15.3%, with 5,893 ships recorded in 2021, compared to 2020’s 5,113.

This increase is seen as a boom in the general indicators of transiting bulk ships. The highest rate recorded in the history of the canal achieved the highest revenue, which exceeded $1bn for the first time in the canal’s history.

The Suez Canal also acquired about 15.7% of the total global seaborne grain trade, with a total cargo volume of 83.5 million tonnes.

Rabie stressed that the indicators of performance rates during 2021 reflect the success of the flexible marketing and pricing policies pursued by the authority in gaining the confidence of the navigation community and flexibly dealing with the changes occurring in the maritime transport industry in light of the challenges of the pandemic.

This resulted in recording the highest rate of attracting ships — up to 4,920 ships — and achieving the largest revenue related to marketing policies since its implementation, amounting to $1.1bn of the canal’s total revenue in 2021.

Marketing efforts, in general, played a major role in increasing the number of ships crossing the canal for the first time and reaching an unprecedented record of more than 1,532 ships, generating $597.6m in revenues.

He explained that these unprecedented indicators come in parallel with achieving promising results in terms of several domains of the authority’s ambitious 2023 development strategy, which is spearheaded by developing the navigation course.

Furthermore, he noted that the total rates of dredging in the project to develop the southern sector of the canal amounted to 7.6 million cubic metres of saturated sand, where approximately 6.5 million cubic metres of saturated sand was removed. This took place within a project in the Small Bitter Lake spanning 122 to 132 km.

Approximately 1.1 million cubic metres of saturated sand were removed in the expansion and deepening of the canal from 132 to 162 km.

Rabie revealed that the Suez Canal intends to adopt new work mechanisms and controls in the new year to support the preservation of the environment that is in line with the directions of the International Maritime Organisation to reduce carbon emissions by adopting some new measures.

The measures include providing incentives for environmentally-friendly ships and discussing ways to use renewable energy to declare the Suez Canal a ‘Green Canal’.

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NRC grants Lagos Government permanent approval to operate Red Line rail services

Funso OLOJO, Editor

The Nigerian Railway Corporation (NRC) has granted final approval to the Lagos State Government to operate two of its rail tracks under the Track Sharing Agreement, paving the way for the full operation of the Lagos Rail Mass Transit (LRMT) Red Line project.

The LRMT Red Line commenced passenger operations on October 15, 2024, with morning and evening peak-hour services following its inauguration by President Bola Ahmed Tinubu.

The permanent approval follows the temporary operating approval granted by the NRC in 2025 under the Track Sharing Agreement with the Lagos State Government.

Presenting the Permanent Operating Licence to the Lagos Metropolitan Area Transport Authority (LAMATA) on Tuesday, June 30th, 2026, the Managing Director of the Nigerian Railway Corporation, Dr. Kayode Opeifa, said the approval confers on the Lagos State Government all the rights and obligations contained in the Track Sharing Agreement.

According to him, the licence also empowers the state to operate rail services in line with international best practices.

Opeifa described the milestone as a testament to the mutual trust, cooperation and shared vision that have continued to define the partnership between the NRC and the Lagos State Government.

“Beyond providing access to the tracks, our collaboration has also included the training and capacity development of the Red Line’s operational personnel, demonstrating the immense value of strong institutional partnerships,” he said.

He commended the Lagos State Government for its confidence in the NRC and its sustained commitment to the partnership.

“I also commend the Government for its remarkable investment in public transportation, particularly in the rail subsector, including the acquisition of adequate rolling stock to meet the growing mobility needs of Lagosians,” he added.

The NRC Managing Director noted that the development of modern rail infrastructure requires foresight, substantial capital investment and sustained political will, qualities he said the Lagos State Government has consistently demonstrated.

Opeifa also urged other state governments across the federation to invest in rail infrastructure and services to complement the Federal Government’s efforts to strengthen Nigeria’s railway network.

According to him, expanding rail transportation nationwide would ease congestion on highways, reduce logistics costs, improve passenger mobility, stimulate industrial and commercial activities, and accelerate national economic growth.

He stressed that rail transportation remains the backbone of efficient mass transit systems in major cities around the world.

“Continued investment in rail infrastructure is essential to providing safe, reliable, environmentally sustainable and high-capacity mobility for our growing population, while significantly reducing pressure on our road network,” he said.

Opeifa reaffirmed the NRC’s commitment to fostering productive partnerships that will transform Nigeria’s transport landscape.

“Together, we will continue to build an integrated, efficient, safe and sustainable railway system that serves the aspirations of all Nigerians,” he concluded.

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NPA unveils multi-agency task force to tackle resurgent port access gridlock

Funso OLOJO, Editor

The Nigerian Ports Authority (NPA) has launched a multi-agency task force to combat the resurgence of traffic gridlock choking the Lagos port access roads, in a fresh push to restore seamless cargo evacuation and sustain recent gains in port efficiency.

The intervention followed a stakeholders’ meeting convened by the Managing Director of the NPA, Dr. Abubakar Dantsoho, on June 23rd, 2026, where security agencies, freight forwarders, truck operators and representatives of the Lagos State Government agreed on coordinated measures to eliminate the bottlenecks disrupting cargo movement.

At the meeting, stakeholders identified illegal extortion points, overlapping responsibilities among security agencies and other operational distortions as major factors responsible for the renewed congestion along the port corridor.

Speaking on the outcome of the meeting, the NPA’s General Manager, Corporate and Strategic Communications, Mr. Ikechukwu Onyemakara, said the Authority’s overriding priority is to guarantee the unhindered movement of cargo to and from the nation’s seaports.

According to him, the task force comprises the NPA, the Police, the National Association of Government Approved Freight Forwarders (NAGAFF), the Association of Nigerian Licensed Customs Agents (ANLCA), the Federal Road Safety Corps (FRSC), the Maritime Workers Union of Nigeria (MWUN), the Nigerian Association of Road Transport Owners (NARTO) and the Association of Maritime Truck Owners (AMATO).

“The responsibility of the task force is to monitor truck movement on the port access roads on a regular basis, identify any disruption capable of causing gridlock and immediately resolve such challenges,” Onyemakara said.

He stressed that members of the task force would not establish checkpoints along the corridor but would maintain strategic presence at designated locations to ensure compliance without obstructing traffic.

To enhance rapid response, Onyemakara disclosed that the task force has created a dedicated WhatsApp platform through which members can instantly report infractions or emerging traffic issues for immediate intervention.

On the long-delayed renewal of the Electronic Truck Call-Up (ETO) system contract, the NPA spokesman said the Authority is reviewing the terms to ensure a more robust contractual framework before awarding a fresh agreement.

He explained that although the previous contract had expired, the ETO platform remains operational under the management of the Truck Transit Parks (TTP) pending completion of the procurement process.

He expressed confidence that the renewal would be concluded soon.

Reaffirming the Authority’s commitment to maintaining free-flowing port access roads, Onyemakara said efficient logistics remain central to the NPA’s drive to improve Nigeria’s port competitiveness and preserve its growing international reputation.

“We are more interested in the free flow of logistics into our ports than anyone else because it is in our own interest,” he said.

“If you look at the international recognition we are receiving, including the World Bank report, we are determined to sustain and even surpass the improvements already recorded in our port system.
“You can be assured that we remain fully committed to achieving the best possible performance from our ports.”

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Customs Steps Up Nationwide Green Tax Awareness Ahead of July 1 Rollout

Funso OLOJO, Editor

The Nigeria Customs Service (NCS) has intensified its nationwide sensitisation campaign ahead of the July 1, 2026 implementation of the Green Tax Surcharge and related fiscal adjustments, aimed at promoting environmental sustainability and encouraging the importation of cleaner vehicles.

The awareness campaign, held on Friday July 26th, 2026 at the Apapa Area Command, brought together Customs officers, licensed customs agents, freight forwarders, importers and other key stakeholders under the theme: “Implementation of the Green Tax Surcharge and Related Fiscal Adjustments.”

Representing the Comptroller-General of Customs, Adewale Adeniyi, the Zonal Coordinator, Zone A, Mohammed Babadende, said the exercise was designed to ensure stakeholders fully understand the policy before its implementation.

“This sensitisation is designed to ensure that every stakeholder clearly understands the policy before implementation. Our objective is to eliminate uncertainty, promote voluntary compliance and guarantee uniform application of the Green Tax Surcharge across all commands,” Babadende stated.

Delivering a technical presentation, the Comptroller in charge of Tariff, System Audit and Coordination, Murtala Muazu, explained that the Green Tax Surcharge is different from conventional fiscal measures and would therefore require a separate assessment process.

He disclosed that the Service has simplified implementation through the HS Code declaration platform to facilitate seamless compliance by importers and clearing agents.

Muazu also revealed that the Federal Government has reduced import levies on vehicles from 20 per cent to 10 per cent, while import duty on used vehicles has been slashed from 15 per cent to five per cent to cushion the impact of the new environmental surcharge.

Area Controllers who participated in the sensitisation urged importers, licensed customs agents and the trading public to embrace the initiative, stressing that the reduction in import levies would lower the cost of doing business, promote legitimate trade and ultimately reduce transportation costs.

Stakeholders welcomed the policy but called for sustained public enlightenment to deepen understanding and ensure seamless compliance ahead of the July 1 commencement date.

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