Suez Canal’s revenues reach $1.907B in 4 months of 2020

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Mon, 04 May 2020 - 02:33 GMT

FILE- Suez Canal

FILE- Suez Canal

CAIRO – 4 May 2020: Suez Canal’s revenues rose 2 percent during the first four months of 2020, recording $1.907 billion, up from $1.869 billion during the same period of 2019, Chairman of Suez Canal Authority Osama Rabea said Monday.

Rabea added in a statement that traffic in the canal has not been affected by the outbreak of COVID-19 (coronavirus) pandemic.

He clarified that the number of ships crossing the Suez Canal in April increased 9.6 percent on a year-on-year basis.

“Up to 1,731 ships carrying about 101.8 million tons crossed the Suez Canal from both directions in April, compared to 1,580 ships that transited the international waterway during the same month a year earlier,” he added.

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