Middle East Economic Survey


No 24



Suez Canal Reports 13% Increase In Tonnage In 2004

Total ship tonnage passing through the Suez Canal rose by 13.1% during 2004 to 621.1mn tons from 549.4mn tons in 2003, according to the Suez Canal Authority (SCA) Yearly Report 2004. A total of 16,850 ships transited the canal last year, compared with 15,667 in 2003. Tanker tonnage in 2004 increased by 23mn tons to 141mn tons, an increase of 19.5% over the previous year. The SCA noted...