Suez Canal's revenues increased in 2010

Published January 9th, 2011 - 01:29 GMT
Suez Canal
Suez Canal

Suez Canal's revenues amounted during 2010 to US$ 4.773 billion, say an increase of 10.09% compared to 2009. The rise is attributed for the recovery in the global economy which led to the improvement in the trade traffic through the channel. In addition, the 30% decline in the number of piracy attempts in the Gulf of Aden off the Somali coast during 2010 helped the higher revenues of the Canal.

It should be recalled that 17,228 ships made full transits through the Suez Canal two directions in 2009, against 21,415 ships in 2008.

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