Suez Canal Revenues Rise to $5.3 Bln

January 4, 2018

© Carabay / Adobe Stock
© Carabay / Adobe Stock

Egypt's Suez Canal revenues rose to $5.3 bln in 2017 from $5 bln in 2016, a statement by the Canal authority said on Thursday.

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

Its revenues were at $462.7 million in Nov. 2017.


Reporting by Youssri Ahmed; Writing by Nadine Awadalla

Logistics News

ScioSense Launches UFC23 Ultrasonic Flow Converter for High-Precision, Ultra-Low-Power Smart Metering

ScioSense Launches UFC23 Ultrasonic Flow Converter for High-Precision, Ultra-Low-Power Smart Metering

Samsung Heavy Industries Receives AIP Certificate for Floating Data Center from ABS

Samsung Heavy Industries Receives AIP Certificate for Floating Data Center from ABS

US Import Costs Rise in April, Fuel Sees Biggest Gain in Four Years

US Import Costs Rise in April, Fuel Sees Biggest Gain in Four Years

NexusWave Implemented on IEA Fishing Vessels

NexusWave Implemented on IEA Fishing Vessels

Subscribe for Maritime Logistics Professional E‑News

Slovakia considers options to become direct purchaser of Russian oil
Greek probe finds that suspected Ukrainian sea drone lost its course after malfunctioning, sources say
The Greek-operated oil tanker is one of the few vessels that have crossed the Strait of Hormuz