Suez Canal revenue up 11.5% in first seven months of 2010

14:48, August 10, 2010      

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Egypt's Suez Canal saw its revenue hit 2.66 billion U.S. dollars over the first seven months of 2010, marking an 11.5 percent rise compared with the same period in 2009, Suez Canal Authority chairman Ahmed Fadel said on Monday.

The number of ships passing through the waterway increased 3.1 percent in the first seven months of 2010, compared with 9,896 in the same period last year, Fadel was quoted by the official MENA news agency as saying.

The volume of cargo increased by 18.8 percent to 369 million tonnes over the same period, added Fadel.

The canal's revenue in July grew by 6.1 percent to reach 406.2 million dollars compared with the same period in 2009. It is also the highest monthly revenue since late 2008.

Around seven percent of sea transported world trade passes through the Suez Canal, making it a barometer of global trade. The Suez Canal revenue is one of the major sources of income for Egypt.

Source: Xinhua

(Editor:燕勐)

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