Suez Canal revenues record $887M in 2 months

CAIRO – 25 March 2018: Suez Canal revenues marked an increase of 15 percent, or $116 million, during the first two months of 2018, according to Chairman of the Suez Canal Authority, Mohab Mamish.

The revenues recorded $887 million in the mentioned period, compared to $771 million in the same two months of 2017, Mamish clarified.

Mamish added that the amount of loads that passed through the Canal recorded 171.2 million tons during the first two months of the current year, compared to 154 million tons in the same months of the previous year.

On a month-on-month basis, the canal's revenues recorded $435.8 million in February with a 3.56 percent decrease from January revenues, which recorded $541.9 million.

The Central Agency for Public Mobilization and Statistics said earlier that the revenues of Suez Canal reached LE 12.2 billion in the first quarter of 2017/2018, compared to LE 11.5 billion in the first quarter of the prior year, with a 6.1 percent increase.

In 2017, Suez Canal revenues rose to $5.3 billion from $5 billion in 2016.