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FINANCIAL NEWS
Suez Canal revenues rise 7.2% in September
10 Oct 2010
(MENAFN) Suez Canal Authority Chief Ahmad Ali Fadhel said that the international waterway garnered revenues of $410.2 million in September compared to $382.5 million a year earlier, with an increase of 7.2 percent, Reuters reported.
Fadhel said in a statement to the press that the number of passing ships amounted to 1,513 in September 2010 compared to 1,454 ships in the same period last year with an increase of 4.1 percent, while the canal saw a surge in the net cargos by 13.1 percent with the total edging up in September of this year to 72.8 million tons compared to 64.4 million tons in September 2009.
He also noted that statistics on navigation in the Suez Canal in the first nine months of 2010 compared to the same period last year point to a remarkable increase in the revenues by 11.6 percent as they amounted to $3.51 billion compared to $3.14 during the same period last year.
Further, he said that the number of ships increased by 4.5 percent with 13, 377 ships passing in the first nine months of 2010 compared to 12,803 ships in the same period of last year.
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