Suez Canal is raking in the revenues

Luxner, Larry
October 2004
Middle East;Oct2004, Issue 349, p46
This article focuses on the Egypt's Suez Canal Authority. Suez Canal Authority predicted that a fully-fledged war in the Middle East would disrupt regional maritime traffic, slashing canal revenues by 10% or more. Last year, the Suez Canal generated $2.57bn in revenues— the highest in the canal's 135-year history— as 15,634 ships transited the waterway with a combined cargo of around 548 million tons, up from $1.8bn the year before. At present, 14% of total world trade, 26% of oil exports and 41% of the Arab world's goods and cargo pass through the Suez, Canal.


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