Middle East Economic Survey
January Traffic Through Suez Canal Up 8% From 2009
January traffic through the Suez Canal was up 8% year-on-year, with 1,418 vessels passing through the canal compared to 1,313 in January 2009, according to new figures released by the Suez Canal Authority. Net tonnage increased by 16.1%, from 57.2mn in 2009 to 66.4mn. Southbound oil products increased by 63.4%, while northbound oil products saw a decrease of 11.7% compared to the same...