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Suez Canal Revenues Fall
Suez Canal Revenues Fall

Suez Canal Revenues Fall

Suez Canal Revenues Fall

Revenues from fees paid by ships passing through the Suez Canal have fallen by 4.2% in the first nine months of the financial year 2016/2017, according to an official statement by the Central Bank of Egypt, Amwal Al Ghad reported. Receivables amounted to $3.7 billion between July 2016 and March 2017, down from $3.9 billion in the year-ago period. The CBE attributed the decline to lower net tonnage of transiting vessels by 1.7%, added to a drop in the value of a single special drawing rights unit against the US dollar by 1.6%.

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