Suez Canal August revenue up 12pc to US$510 million on Asia-US cargo
SUEZ Canal revenues increased 12 per cent year on year to US$510 million in August, said Egypt’s state information website, Reuters reported.
The waterway, the fastest shipping route between Europe and Asia, is seeing its prospects rapidly improving as more and more cargo moves from Asia to the US east coast.
The head of the Suez Canal Authority said earlier this month that revenues had reached about $508 million, the highest monthly level in history.