287 ships of 15.6 M tons cross Suez Canal in both directions last week
A cargo ship is seen crossing through the New Suez Canal, Ismailia, Egypt, July 25, 2015. The first cargo ships passed through Egypt's New Suez Canal on Saturday in a test-run before it opens next month, state media reported, 11 months after the army began constructing the $8 billion canal alongside the existing 145-year-old SuezCanal. Mohab Mameesh, chairman of the Suez Canal Authority overseer of the project, told state television that this test-run had been a success and that more would follow. REUTERS/Stringer

CAIRO: A total of 287 ships weighing 15.6 million tons have crossed Egypt’s Suez Canal waterway in both directions during the last week, according to the head of Suez Canal Authority (SCA) Mohab Mamish.

Some 140 ships weighing 7.5 tons crossed the waterway from north to south, while the new Suez Canal witnessed some 147 ships of 8.1 million tons from south to north, Youm7 reported Friday.

A recent report by SCA said that during October 2015, the Suez Canal received some 1,500 cargo ships weighing 85,073 tons from both directions.

The main Suez Canal waterway is one of Egypt’s core sources of income, providing about 10 percent of the nation’s hard currency.

In 2014, the canal’s revenues marked a 6.75 percent growth than in 2013, registering $5.456 billion. An October report by the SCA said that the revenues of Suez Canal dropped to $448.8 million in September, from $462.1 million in August.

The new 72-kilometer canal on was inaugurated Aug. 6, 2015 parallel to the old one, aiming to speed up transit time, bolster the country’s limping economy and boost annual revenue up to $13.5 billion by 2023.

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