The Suez Canal Authority (SCA) announced that Egypt's Suez Canal Authority will increase its revenue to US$5.84 billion in the 2020-21 fiscal year (July 2020 to June 2021). Osama Rabie, Chairman of the Suez Canal Authority (SCA), recently announced that the revenue of the Canal Authority for the fiscal year 2020-2021 has set a record, reaching 5.84 billion U.S. dollars. Its revenue for the 2019-2020 fiscal year was US$5.72 billion. According to the Suez Canal Administration, the revenue of the Suez Canal in the first six months of this year has increased from US$2.76 billion in the same period last year to about US$3 billion. In the first six months of this year, about 9,763 ships passed through the channel, an increase of 2% over the same period last year. Approximately 19,000 ships passed through in 2020, an average of more than 50 ships per day. Rabie pointed out: “Benefiting from flexible marketing and preferential measures for river crossing fees, the passing rate of LNG carriers, container ships, automobile carriers and dry bulk carriers will increase significantly from January to June 2021. Among them, LNG carriers An increase of 24%, container ships increased by 9.7%, automobile carriers increased by 27.8%, and dry bulk carriers increased by 5%." These increases were accomplished under the challenges of the new crown pneumonia epidemic and the Suez Canal Century Congestion. After the Japanese shipowner and the Suez Canal Authority reached a compensation agreement, the 20,000 TEU container ship Ever Given that was stranded in March 2021 finally left the Suez Canal a few days ago. Although the details of the amount of compensation agreed by the two parties were not disclosed, it is certain that the US$916 million requested by SCA was rejected by the shipowner on the grounds that it was too high. Subsequently, the claim amount was reduced to 550 million U.S. dollars, provided that 200 million U.S. dollars were paid in advance and the remaining 350 million U.S. dollars was paid as a guarantee.