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Suez Canal revenues rise to $470.6 mln in August

Tuesday 19/September/2017 - 01:18 PM
Sada El Balad
Sada ElBalad- Basant Ahmed
Egypt’s Suez Canal revenues rose to $470.6 million in August compared to $427.2 million in June، official data showed on Tuesday.

The canal revenues reached $ 447.6 million in August 2016.

The canal is the fastest shipping route between Europe and Asia and one of the government’s main sources of foreign currency.

Suez Canal is one of the most important waterways in the world.

The canal is extensively used by modern ships، as it is the fastest crossing from the Atlantic Ocean to the Indian Ocean.

The canal separates the African continent from Asia، and it provides the shortest maritime route between Europe and the lands lying around the Indian and western Pacific oceans. It is one of the world's most heavily used shipping lanes، according to the Suez Canal Authority.

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