Suez Canal revenues record $4.3B in Jan-Oct: SCA chairman

ISMAILIA, Egypt – 18 October 2017: Egypt's Suez Canal revenues surged 3.4 percent year-on-year in January-October 2017, Suez Canal Authority chairman Mohab Mamish said on Wednesday.

Mamish made the remarks during his meeting with a delegation from the parliament's Economic Affairs Committee, headed by MP Amr Eissa Ghallab and other lawmakers of the Suez Canal zone.

The canal revenues hit $4.345 billion in January-October 2017, compared to $4.2 billion during the same period a year earlier, he said.

The number of ships transiting the international waterway rose 2.9 percent year-on-year in the first 10 months of 2017, registering 14,462 ships carrying 859 million tons, up from 14,053 vessels that crossed it in the same period in 2016 with a total cargo of 813 million tons, he noted.