Subscribe to RSS feedSuez Canal revenue at record high
EGYPT’S Suez Canal Authority has recorded its highest revenue in a single day since the onset of the global economic downturn two years ago, collecting US$18.7m from 65 ships that used the key waterway between the Mediterranean and the Red Sea on August 13.
The performance comes despite the fact that canal fees have not risen since 2008, as Egypt battles to maintain traffic despite the recession and piracy menace in the Gulf of Aden, which has forced some operators to reroute round the...
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