Egypt’s Suez Canal Authority declared a 11.4 percent rise in the canal revenues during 2010 as compared with 2009.
Head of the authority Ali Fadel told reporters that statistics indicate a 14.4 percent increase in loaded ships passing through the canal in 2010 in comparison with the previous year.
From January to November, Fadel added, canal revenues amounted to US$4.313 billion compared to US$3.865 billion during the same period in 2009, an increase of 10.3 percent.
Increased global trade, particularly between Asia and Europe, accounts for a greater number of ships passing through the canal, Fadel explained.
Translated from the Arabic Edition.
