Suez Canal revenues reach $422.1M in April

Published May 21st, 2015 - 02:01 GMT

Suez Canal revenues reached $422.1M in April, the cabinet-affiliated State Information Service (SIS) announced Wednesday, marking a $2 million increase compared to the Canal revenues in March which recorded $420.1 million.

The total number of ships passing through the Suez Canal in April recorded 1,443 ships with net tonnage marking 81,586 tonnes, according to the Suez Canal Authority’s official statistics.

However, in March, 1,437 vessels passed through the canal with cargo amounting to 82,582 tonnes.

The Canal’s total revenues over the first seven months of the current fiscal year (FY) 2014-2015 has reached $3,267,3 billion (EGP 24,929,4 billion).

Between 1 July 2014 and 31 January 2015, almost 10,400 vessels crossed the canal waterway with 586.2 million tonnes of cargo.

The statistics also showed that the Canal recorded its highest monthly revenues in its history last August, amounting to $510 million.

The Suez Canal is considered the fastest navigation road between Europe and Asia, and it is the main source of foreign currency to Egypt.

© 2022 Daily News Egypt.

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