NO. 43



Suez Canal Revenue Up 22.6% in FY 1990-91

The revenues of the Suez Canal increased substantially by 22.6% to $1,777.6mnin fiscal year July 1990-June 1991 from $1,449.7mn in 1989-1990. The increase isattributed partly to the rise in transit tolls which came into effect on 1January 1991 (MEES, 26 November 1990), and partly to the increase in trafficthrough the waterway as a result of the Gulf war, namely the rush of tankers tothe Gulf to lift crude oil when the...