Suez Canal’s Revenue Up 4% In December 2012


News: Egypt's Suez Canal recorded a 4% month-on-month (m-o-m) increase in revenue to US$424.6mn in December 2012, compared with US$407.7mn in November 2012, reports Reuters, citing the state information portal. The canal's revenue stood at US$443.7mn in December 2011. The Suez Canal Authority increased the toll fees for all vessels passing through the canal by 3% from March 2012. The Suez Canal is a key source of foreign currency in Egypt, along with tourism, oil and gas exports and remittances from citizens living overseas.

This article is tagged to:
Sector: Freight Transport, Shipping
Geography: Egypt, Egypt, Egypt, Egypt