Suez Canal revenues rose to LE 8.1B in November: SCA

CAIRO – 24 December 2017: Revenues of the Suez Canal Authority (SCA) rose to LE 8.1 billion in November, compared to LE 6.1 billion in the corresponding period of 2016, the monthly bulletin issued by the Central Agency for Public Mobilization and Statistics stated on Monday.

Revenues of the SCA in October 2017 hit LE 8.3 billion compared to LE 8.1 billion in September, CAPMAS added.

Suez Canal revenues increased by 2.2 percent year-on-year during the first nine months of 2017, Suez Canal Authority chief Mohab Mamish said during a press conference held in October.

The number of vessels crossing the Suez Canal during November amounted to 411 oil tankers, and 1,123 other vessels, with a total tonnage of 91 million tons.

Chairman of SCA Admiral Mohab Mamish stated earlier in December that the number of ships passing the Suez Canal hit its highest record in history with a total tonnage at 5.2 million ton and 74 giant vessels passed.

Mamish said in November in a statement that he managed to convince an alliance of five shipping lines that had ceased operations in East Port Said earlier this year, to resume operations.

He held talks during November with shipping lines of Hapag-Lloyd, K Line, Yang Ming Marine Transport, Mitsui O.S.K. Lines, and the NYK Group in order to convince them to restart work in Egypt.