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English news

23-Nov-2016

Suez Canal revenue down 7% Y-o-Y in October

Revenues from Egypt’s Suez Canal declined 6.9% Y-o-Y to USD418.1mn in October, according to the latest data from the state’s information website. The number of ships passing through the canal was down 4.0% Y-o-Y but up 2.4% M-o-M to 1,440 ships, while cargo volume declined 3.7% Y-o-Y, but was largely stable on monthly basis to c82mn tonnes. (Reuters, Suez Canal Authority)

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