44 vessels cross Suez Canal with 2,900,000 tons cargo

CAIRO - 16 June 2019: As many as 44 vessels crossed the Suez Canal today, with a total cargo of 2,900,000 tons.

The north-bound convoy included 28 vessels laden with 2,000,000 tons, while the south-bound convoy comprised 16 vessels carrying 900,000 tons, according to a statement by the Suez Canal Authority.

The Suez Canal Authority (SCA) targets revenues worth $6.1 billion in FY2019-2020 against $5.8 billion in the current fiscal year.

The net load estimated to be carried through the Canal during the fiscal year that will start on July 1 is 1,182 tons.

The number of ships that are expected to use the international waterway is 18,200 compared to 18,000 ships this year.