Middle East Economic Survey


No 19



Oil Shipments Through Suez Almost Flat In 2008, LNG Shipments Up 19%

Total ship tonnage transiting the Suez Canal in 2008 increased by 7.3% to 910mn tons, the Suez Canal Authority (SCA) said in its Annual Report published last week. But oil tanker tonnage through the canal remained almost flat against the previous year (see table). Despite record shipments of oil through the canal in August, the global economic downturn slashed the flow...