Suez Canal Revenues Rose in 2019

Monday, January 6, 2020

Suez Canal revenues increased slightly to $5.8 billion in 2019 compared with $5.7 billion in 2018, its authority said in a statement on Saturday.

The canal kept its transit toll unchanged in 2020 for all types of vessels except dry bulk vessels and liquefied petroleum gas (LPG) carriers which will increase by 5% compared with 2019, it added.

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


(Reporting by Omar Fahmy, writing by Mahmoud Mourad; Editing by Toby Chopra)

Categories: Coastal/Inland

Related Stories

Lloyd's Insurers Expect Moderate Baltimore Bridge Claims

Maersk Mulls Baltimore Barge Service

Port of Detroit Unveils Plan to Decarbonize Operations

Current News

Montrose Becomes First Port in Scotland to Provide Shore Power for Vessels

Port Operator JSW Infrastructure Q4 Profit Rises 10%

The Nordic Maritime Forum 2024 will happen in Oslo

Renewable Energy System Dedicated at Port of Long Beach

Subscribe for Maritime Logistics Professional E‑News