Suez Canal Earns $1.9bn in 1992
The Suez Canal earned a record sum of $1.911bn in calendar year 1992 (ascompared with $1.83bn in 1991), according to Suez Canal Authority ChairmanMuhammad 'Izzat 'Adil. He also noted that the Canal's revenues in 1993 areexpected to top $2bn as a result of the 3% increase in transit rates introducedat the beginning of the year and the incentive rates offered to large oiltankers to encourage them to use the Canal rather than the...
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