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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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Analyses

The invisible toll gates:Why National Single Window is Nigeria’s ultimate economic battleground

Monday Discourse with  Ibrahim Nasiru
Walk into any market in Nigeria today, from the commercial hubs of Lagos to the roadside stalls in Yola, and ask why a bag of rice or an imported spare part costs three times what it did last year.
The typical public commentator will blame global inflation, floating currencies, or macro-economic shocks.
But those who understand logistics know the real truth lies buried under layers of paper, manual stamps, and artificial delays at our seaports.
Nigeria’s international trade is suffocating not from a lack of deep water, but from a deliberate design of convenience.
The recent operational rollout of the National Single Window (NSW) has triggered behind-the-scenes panic among Port cartels, and for good reason.
For decades, keeping our clearing processes fragmented, manual, and dependent on desk-to-desk human interaction was the perfect business model for syndicates.
When cargo dwell times drag on for 21 days, those delays are money in the pockets of the gatekeepers and a death sentence for local businesses.
Let us look at the raw field realities. The push by the Nigeria Customs Service to aggressively crash clearance times down to global 48-hour standards is meeting fierce internal resistance.
Why? Because a unified digital ecosystem means you cannot easily manipulate documentation, hide illicit cargo, or demand “mobilization fees” before signing off a container.
The outcry and protests from certain freight-forwarding syndicates aren’t about technical glitches; they are about the sudden closure of invisible toll gates.
This is exactly why governance at our national gateways can no longer be left to the mercy of transactional bureaucratic habits.
Building deep-sea infrastructure like Lekki Port is a massive physical achievement, but concrete and cranes are useless if the administrative processes at the gate remain backward.
 Real structural reform requires turning our Ports into automated, friction-free pipelines that prioritize production over rent-seeking.
If Nigeria wants to survive this fiscal squeeze, the National Single Window cannot just be treated as another glossy IT project launched in Abuja.
 It requires unyielding administrative enforcement to completely dismantle the corrupt cartels managing the manual desk chains.
The invisible toll gates at our Ports must be completely demolished, and that exact same structural discipline must be scaled across our border stations and trade corridors.
The era of managing international trade with 20th-century paper trails is dying. The future belongs to the builders of automated, transparent systems.
Chief Ibrahim Nasiru, a public affairs analyst,  writes from Abuja 
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Headlines

NANTA Exco embarks on seven-day Ghana retreat, fam trip to deepen regional tourism partnership

Gloria Odion, Reporter

The National Executive Council (NEC) of the National Association of Nigeria Travel Agencies (NANTA) has commenced a seven-day executive retreat and familiarisation (fam) trip to Ghana, hosted by Safari World, as part of efforts to strengthen regional tourism partnerships and expand cross-border travel opportunities.

The NANTA delegation was received at Safari World Homes in Accra by the Chairman of the Safari World Group, Mr. Ernest Gyekye, who expressed delight at hosting the Nigerian travel trade leaders.

He assured the delegation of a memorable experience throughout their week-long stay.

Speaking on the significance of the visit, NANTA President, Mr. Yinka Folami, described the retreat and familiarisation tour as a strategic initiative aimed at fostering stronger business relationships and promoting collaborative tourism development across Africa.

“This mission is not a leisure trip,” Folami said. “It is a deliberate step to implement and expand our association’s marketing advocacy for Nigerian brands across borders.”

He noted that Nigeria and Ghana share deep historical, cultural and commercial ties that should be leveraged to drive tourism growth on the continent.

“Nigeria and Ghana share history, culture, trade and people. The future of our tourism cannot be built in silos,” he said.

“This retreat is about moving from policy to practice—creating real products, real partnerships and real movement of travellers between Accra and Lagos.”

As part of the programme, the NANTA executives will engage in strategic business-to-business (B2B) meetings with their Ghanaian counterparts, tour key tourism destinations under the Safari World brand, and participate in cultural exchange activities designed to promote stronger bilateral tourism cooperation.

The itinerary spans Safari World’s three flagship destinations, including Safari Homes in Accra, the Aqua Safari riverfront experience, Safari Island Cruise, Safari Nautica, and Safari Recreation and Sports facilities in Ada, as well as the Safari Valley Eco Resort and Safari Eco Park in Dawu.

Operating under the brand promise, “One World, Three Destinations, Over 20 Unique Experiences,” Safari World is leveraging the visit to strengthen its footprint in the Nigerian travel market while positioning Ghana as a premier destination for leisure tourism, conferences, group travel, family holidays and premium tourism experiences.

A major highlight of the visit will be the Executive Dinner scheduled for July 21 at the Safari Valley Eco Resort, where key stakeholders from Nigeria and Ghana’s tourism industries will deliberate on strategies for deepening travel trade and advancing regional tourism development.

The familiarisation tour is expected to provide NANTA’s leadership with first-hand knowledge of Safari World’s tourism offerings, paving the way for the development of attractive travel packages and stronger business partnerships that will benefit Nigerian travellers and the wider West African tourism industry.

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Customs

Ogun Customs spurns claims of Smugglers’ takeover of Idiroko–Sango Ota trading Route

Funso OLOJO, Editor

The Ogun I Area Command of the Nigeria Customs Service (NCS) has dismissed as false reports alleging that smugglers had taken over the Idiroko–Sango Ota trading route in Ogun State, describing the claims as a deliberate misrepresentation of a traffic incident.
In a statement issued by the Command’s Public Relations Officer, Superintendent of Customs (SC) Chado, the Command clarified that the traffic gridlock on the route resulted from the breakdown of an articulated commercial trailer after it fell into a badly deteriorated section of Atan Road, temporarily obstructing the free flow of traffic.
According to the Command, the vehicles caught in the ensuing congestion were legitimate commercial trucks transporting red palm oil to various local markets and had no connection whatsoever with smuggling activities.
It explained that the large number of heavy-duty trucks trapped in the gridlock may have led some members of the public to wrongly conclude that smugglers had taken over the road.
“The reports that smugglers blocked the road are inaccurate. The disruption resulted from a road accident and poor road conditions. The vehicles involved were lawful commercial vehicles transporting red palm oil for legitimate trade,” Chado stated.
The Command urged journalists, social media users and the general public to verify information before disseminating reports capable of creating unnecessary panic or undermining public confidence in security agencies.
Observers within the border trade sector noted that the allegation does not reflect the prevailing security situation within the Ogun I Area Command, where anti-smuggling operations have been intensified under the leadership of the Acting Customs Area Controller, Comptroller O.O. Afeni.
Since assuming office, Comptroller Afeni has strengthened intelligence-driven surveillance, enhanced collaboration with other security agencies and host communities, and sustained pressure on economic saboteurs operating along the Ogun border corridors.
These measures, according to stakeholders, have resulted in significant seizures of prohibited goods and reinforced the Command’s resolve to safeguard Nigeria’s economy and territorial integrity.
Maritime and border trade stakeholders also cautioned against the spread of unverified information capable of undermining the efforts of security personnel or creating a false impression of lawlessness in border communities.
They stressed that while combating smuggling remains an ongoing responsibility, responsible and accurate reporting is equally critical to ensuring that operational achievements are not overshadowed by misinformation.
The Ogun I Area Command reaffirmed its commitment to sustaining its anti-smuggling campaign while facilitating legitimate cross-border trade in line with the statutory mandate of the Nigeria Customs Service.

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