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You are here: Home Archive 2009 August Weekly Edition 20th of August 2009 Suez Canal revenues plunge

Suez Canal revenues plunge

by David Osler, London last modified Aug 20, 2009 04:52 PM

REVENUES from Egypt’s state-owned Suez Canal reached US$382.9m in July, a 22% fall on the corresponding month in 2008.

Despite the seemingly sharp fall, the figure nevertheless represents the highest monthly receipt so far this year. The previous high for 2009 was June’s figure of US$348.2m.
The news follows the recent announcement that canal revenue dropped 7.2% in...

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