Middle East Economic Survey


No 30



Suez Canal Revenue Topped $3Bn In 2004

Transit fees paid by shipping passing through the Suez Canal in 2004 reached a record $3.275bn, up 16% on the 2003 figure of $2.819bn, a Suez Canal Authority (SCA) official said on 18 July. Revenue in June this year totaled $280.4mn, up from $246.3mn in the same month last year. Earlier this year SCA, in its Yearly Report 2004, said that total ship tonnage passing through the canal rose by 13.1%...