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

Port Houston Shares Channel Region Monthly Trade & Market Report

Caribbean Basin Crude Oil Exports Jump 45%

Hormuz Crisis Accelerates Gulf Pipeline and Port Expansion

Current News

Russian Strikes Hit Ukrainian Military Facilities, Vessels

Most Gulf Shares Lower As Shipping Uncertainties Persist

Oil Tanker Insurance Triples Amidst Global Shipping Tensions

Russia Begins Commercial Exports of Vostok Oil

Subscribe for Maritime Logistics Professional E‑News