Revenue for Egypt’s Suez Canal revenues rose 5.4% to a total of US$5.3 billion in 2017 compared to US$5 billion in 2016, according to data released by the chairman of the Suez Canal Authority and the Suez Canal Economic Zone (SCZone) Mohab Mamish.
He said the 2017 statistics recorded a noticeable growth in the number of the ships and vessels transited the canal and their cargoes, which proved the economic feasibility of the New Suez Canal.
Mamish added that the volumes had also increased, with the number of transit ships increasing to 17 550 vessels from the 16 833 recorded in 2016. The cargo volumes rose by 6.9% to a billion tonnes in 2017, compared to 974 million tonnes in 2016.
