Suez Canal Revenues Nosedive


Revenues from the Suez Canal were recorded at around US$434.8 million in January, 2015, down from $445.5 million in December, 2014, according to Reuters.

Despite this reduction in revenue, the Suez Canal’s total revenue figure for 2014 stood at around $5.45bn.

A major expansion of the 145-year-old waterway is also underway.

The fastest shipping route between Europe and Asia is one of Egypt's main sources of foreign currency.

PTI previously reported that the Egyptian President is seeking to attract much bigger funds from Russian investors to be used in the S
uez Canal development.

(Source: Marine Insight)

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