No 02



Suez Canal Authority Leaves Transit Charges Unchanged For 2004

Egypts Suez Canal Authority has left transit charges and discounts for 2004 unchanged from 2003, chairman Ahmad Ali Fadel said on 27 December, adding that canal revenue had risen 32% in 2003 to $2.57bn from $1.947bn in 2002, reflecting the increased tonnage transported through the canal. The number of vessels using the canal increased by 16% to 15,634 in 2003 while tonnage rose by 23% to 548mn...