Suez Canal hits 17% rise in revenues during November 2017

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Tue, 21 Nov 2017 - 05:03 GMT

Press Photo - Upgrading Fairway of the Suez Canal ongoing

Press Photo - Upgrading Fairway of the Suez Canal ongoing

CAIRO – 21 November 2017: Revenues of the Suez Canal edged up by 17 percent, registering $455.8 million during November 2017, the Suez Canal Authority said in a statement on Thursday.

The revenues of the corresponding period in 2016 were $389.2 million, the statement added.

The number of ships passing through the canal recorded 1,506 ships during November 2017, hitting a 10.2 percent increase when compared to 1,366 ships in November 2016.

Head of the General Authority for Suez Canal Economic Zone, Admiral Mohab Mamish, said that the Suez Canal is keen to develop the shipping fairway and upgrade the efficiency of marine services provided to all passing ships.

He also said that world trade is gradually recovering and will positively affect the canal in regard to increasing of the number of passing ships and revenues.

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