235 ships cross Suez Canal during past 5 days

CAIRO – 25 January 2018: About 235 ships transited the Suez Canal during the past five days with a total cargo of 15.5 million tons, according to Chairman of the Suez Canal Authority and the Suez Canal Economic Zone (SCZone) Mohab Mamish.

He added in statements to media outlets Thursday morning that the noticeable increase in the number of ships and cargoes that transited the canal came due to the positive role played by the authority to attract new navigational lines that didn’t use to cross the canal before.

A detailed report issued by the Suez Canal Authority stated that about 57 ships crossed the canal on Saturday with total cargo of three million tons; on Sunday, about 55 ships transited the canal with total cargo of four million tons.

Last November the revenues of the Suez Canal edged up by 17 percent, registering $455.8 million, the Suez Canal Authority said in an official statement. The revenues of the corresponding period in 2016 were $389.2 million.

Also, the number of ships passing through the canal recorded 1,506 ships during November 2017, hitting a 10.2 percent increase, compared to 1,366 ships in November 2016.

Mamish said that the Suez Canal is keen to develop the shipping fairway and upgrade the efficiency of the marine services provided to all passing ships.

On January 12, Mamish said during a meeting with Presidential Adviser for National Projects Ibrahim Mahlab, that the SCZone signed 23 contracts with investors in the past six months. He added that the investors' pending problems have been solved.

Mamish pointed out that the SCA signed agreements with six international and domestic companies and handed over land plots worth $8 billion to investors in Ain Sokhna.

He further added that the implementation of projects is set to start during the current year.