Suez Canal Revenues Plunge in November

January 15, 2019

file Image: A boxship transits the Suez Canal (CREDIT: AdobeStock / © Andriy Kovach
file Image: A boxship transits the Suez Canal (CREDIT: AdobeStock / © Andriy Kovach

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

Logistics News

DP World, Asian Terminals Inc. Invest $100M to Boost Capacity at Manila South Harbor

DP World, Asian Terminals Inc. Invest $100M to Boost Capacity at Manila South Harbor

PD Ports Outlines Plans to Develop UK Offshore Wind Hub

PD Ports Outlines Plans to Develop UK Offshore Wind Hub

DP World Begins $165 Million Expansion of Maputo Container Terminal Capacity

DP World Begins $165 Million Expansion of Maputo Container Terminal Capacity

Port Canaveral Invests $500 Million in Five-Year Port-Wide Improvement Plan

Port Canaveral Invests $500 Million in Five-Year Port-Wide Improvement Plan

Subscribe for Maritime Logistics Professional E‑News

South Korean mills purchased 35,800 t wheat from US traders, traders claim
Indian port operator JSW Infra is looking inwards to ease tariff-hit trade woes
Ukraine's farm exports fell 23% month-on-month in April, according to lobby.