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Suez Canal revenues reach $ 422.1m in April - Daily News Egypt

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Suez Canal revenues reach $ 422.1m in April

Revenues marked an increase of $2m compared to March


Egyptian investors are set to present the Suez Canal Regional Development Plan to Russian investors during both the Arabia Expo and during a number of meetings sponsored by the Egyptian-Russian Business Council (AFP\Photo)
Suez Canal revenues reached $422.1m in April, the cabinet-affiliated State Information Service (SIS) announced Wednesday, marking a $2m increase compared to the Canal revenues in March which recorded $420.1m.
(AFP Photo)

By Rana Yehia

Suez Canal revenues reached $422.1m in April, the cabinet-affiliated State Information Service (SIS) announced Wednesday, marking a $2m increase compared to the Canal revenues in March which recorded $420.1m.

The total number of ships passing through the Suez Canal in April recorded 1,443 ships with net tonnage marking 81,586 tonnes, according to the Suez Canal Authority’s official statistics.

However, in March, 1,437 vessels passed through the canal with cargo amounting to 82,582 tonnes.

The Canal’s total revenues over the first seven months of the current fiscal year (FY) 2014-2015 has reached $3,267,3bn (EGP 24,929,4bn).

Between 1 July 2014 and 31 January 2015, almost 10,400 vessels crossed the canal waterway with 586.2m tonnes of cargo.

The statistics also showed that the Canal recorded its highest monthly revenues in its history last August, amounting to $510m.

The Suez Canal is considered the fastest navigation road between Europe and Asia, and it is the main source of foreign currency to Egypt.

 

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https://www.dailynewsegypt.com/2015/05/20/suez-canal-revenues-reach-422-1m-in-april/
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