Subscribe to RSS feedSuez revenue expected to drop 14% as transits fall
Suez Canal revenue is projected to decline by around 14% to about US$4.7bn this year compared with US$5.4bn in 2008, according to local reports quoting a Suez Canal Authority official.
Transit slump: Suez revenue hit expected
However, figures from Lloyd’s Marine Intelligence Unit revealed that the number of transits this year had slumped even further, suggesting that the prognosis appears to be on the optimistic side.
Transits of commercial vessels from January to May, excluding warships, yachts...
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