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You are here: Home Archive 2009 Mar 26 Suez Canal revenues' new plunge

Suez Canal revenues' new plunge

by Obsidian last modified Mar 26, 2009 12:00 AM

Suez Canal revenue and traffic levels last month both fell by around a quarter in comparison with February 2008, according to figures released by the canal authority.

The numbers mark the sixth successive decline, with canal revenues hitting their lowest point for almost three years.

Canal revenue was down to US$301.8m compared with US$407.7m a year ago, while the number of vessel transits declined to 1,272...

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