Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
Red sea disruptions cut Suez Canal revenue by 8% year-on-year in 9M 2023/24
Posted on July 18, 2024 |
Suez Canal's transit receipts fell by 7.40% year-on-year to $5.80 billion in the first 9 months of FY 2023/2024, compared to $6.20 billion previously.
The canal's net tonnage fell by 15.60% to 944.9 million tonnes from 1 July 2023 to 30 March 2024.
In Q3 of FY 2023/2024, Suez Canal’s receipts decreased by 57.20% year-on-year to $959.30 million, down from $2.20 billion.
In FY 2022/2023, Suez Canal’s revenues had increased to $9.40 billion, up from $7 billion the previous year.
The sharp decline in Q3 and the overall 9-month period contrasts with the revenue growth in FY 2022/2023.