print logo

Ahram Online: Egypt's Suez Canal revenues rise to $853.7 million in March, April

Egypt's Suez Canal revenues rose 4.1 percent to USD 853.7 million in March and April from $820.4 million in the same period last year.
11.05.17 | Interesting article at Ahram Online

Egypt's Suez Canal revenues rose 4.1 percent to USD 853.7 million in March and April from $820.4 million in the same period last year, Suez Canal Authority Chairman Mohab Mameesh said in a statement on Wednesday.
Ship traffic through the vital Egyptian waterway rose 4.4 percent to register 2,973 ships during March and April this year compared to 2,847 ships in the same period 2016, Mameesh added in the statement, emailed to Ahram Online.

The chairman attributed the pickup partially to what he called the authority's "flexible marketing policy," which includes "discounts and bonuses" offered to shipping lines using the canal.

The Suez Canal is the fastest shipping route between Europe and Asia. The waterway is one of Egypt's key earners of hard currency.