Suez Canal Revenues Plunge in November

Tuesday, January 15, 2019

Egypt's Suez Canal revenues fell to $461.5 million in November, down around 8.8 percent from October's $506.1 million, data from the cabinet's website showed on Tuesday.

The canal is the fastest shipping route between Europe and Asia and one of the government's main sources of foreign currency.


Reporting by Ahmed Tolba

Categories: Ports Finance Government Update Logistics Coastal/Inland

Related Stories

Container Imports Soar at Port of Los Angeles

Los Angeles Adopts $3.4 Billion Port Budget

China Oil Imports Collapse; Down 29%

Current News

OpED: A Canadian Toll on U.S. Commerce

Rio Brasil Terminal Receives Two New Quay Cranes

By the Numbers: Maritime Safety in 2026 — Fewer Losses, Bigger Risks

Markets: When Will Container Shipping Return to "Normal"

Subscribe for Maritime Logistics Professional E‑News