Suez Canal revenues hit $3.86bn end September 2017 – Mameesh

Cairo – Mubasher: Suez Canal revenues increased 2.2% in the period between January and September 2017 to reach $3.869 billion, compared to $3.783 billion in the year-ago period, the chairman of Suez Canal Authority (SCA) Mohab Mameesh said.

The returns soared 114.4% reaching EGP 68.912 billion, compared to EGP 32.137 billion, Mameesh stated on the sidelines of signing contract with the Dutch firm Royal IHC for designing and constructing two custom-built heavy-duty rock cutter suction dredgers (CSDs).

Year-on-year, the number of ships increased 2.5% to 12,900 ships from 12,600 ships.

The cargoes of ships went up 4.6% to reach 765 million tonnes during the first nine months ended on September 2017, compared to 731 million tonnes in the corresponding period in the year earlier.

Mubasher Contribution Time: 03-Oct-2017 17:24 (GMT)
Mubasher Last Update Time: 03-Oct-2017 17:24 (GMT)