Suez Canal made US$434 mln in May
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This piece was written for Egypt Independent’s final weekly print edition, which was banned from going to press...
This piece was written for Egypt Independent’s final weekly print edition, which was banned from going to press....
Suez Canal made US$434 mln in May
On
Tue, 05/06/2012 - 17:24
Ahmed Fadel, head of the Suez Canal Authority, said the canal brought in US$434.6 million in revenues in May. Around 1,425 ships crossed the canal, with a 0.9 percent increase in cargo to reach 78.1 million tons, compared to 77.4 million tons in May 2011.
Fadel said a statement Tuesday, which commemorated the canal reopening for navigation in 1975, that the canal's revenues reached US$75.9 billion in the past 37 years.
The Canal currently is able to host 10 percent of seaborne world trade, he added.
Edited translation from Al-Masry Al-Youm
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