16K ships cross Egypt’s Suez Canal in 11 months
Suez Canal - YOUM7 (Archive)

CAIRO: A total of 16,000 ships with 91.4 million tonnages have crossed Egypt’s Suez Canal water way in the past 11 months, according to a report by the Suez Canal Authority (SCA.)

Among the ships, there were around 3,947 oil tankers, 612 natural gas-loaded ships, 5,449 container ships, 1,395 cargo ships and 863 car carriers.

The duration of the passage was from January until November 2015. During the same period last year, some 15.6 thousand ships have crossed the waterway with tonnage of 88.1 million.

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

Youm7 previously quoted a SCA report that showed a drop in the canal’s revenues in November to $408.4 million, after it recorded $449.2 million in October.

According to the authority’s data, revenues dropped over the past months. Reuters indicated that November revenues came as the lowest since February

An October report by the SCA said that the revenues of Suez Canal were down to $448.8 million in September, from $462.1 million in August.

The new 72-kilometer canal was inaugurated 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.

Recommend to friends

Leave a comment