Suez Canal 2012 Statistical Analysis: A Record Year For Crude Shipments
By James Cockayne
2012 was a record year for shipments of crude through the Suez Canal. Total volumes hit 1.38mn b/d, up 84% (630,000 b/d) on 2011 and 120,000 b/d up on 2007’s previous record (see graph 1). Overall cargo shipments using the canal hit a record 740mn tons, 2% up on 2008’s previous high. But revenues, at $5.13bn, remain $250mn below 2008’s record...