Marine Link
Saturday, September 23, 2017

Suez Canal's July Revenue Rises to $447.1 mln

August 22, 2017

File Image: A VLCC Underway in the Suez Canal (CREDIT: Suez Canal)

File Image: A VLCC Underway in the Suez Canal (CREDIT: Suez Canal)

Egypt's Suez Canal revenues rose to $447.1 million in July from $427.2 million in June, the government said on Tuesday.

 
The canal is the fastest shipping route between Europe and Asia and one of the government's main sources of foreign currency. Egypt has been struggling to revive its economy since a 2011 uprising hit tourism and foreign investment.
 
Reporting by Nadine Awadalla
Maritime Reporter Magazine Cover Sep 2017 - Maritime Port & Ship Security Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News