•  Egypt’s Suez Canal saw revenue hit $1.351bn in 1Q 2018, the highest first quarter figure on record, though down on Q3 and Q4 last year (see table).

•  Revenue has been boosted by rising global trade. This has rebounded strongly having slumped in the 2008-09 global financial crisis enabling Egypt to capitalize on its $8bn, expansion of the canal, completed in 2015 (MEES, 14 August 2015).

•  Gross tonnage of 276mn tons for Q4 last year was the highest...