Suez Canal receipts up 40%

The Suez Canal saw a 40% year-on-year increase in receipts in February thanks to an increase in ship transits through the strategic waterway.

February’s receipts totaled $238m compared to the $169m seen twelve months earlier, but were down slightly on January 2004’s figure of $243.9m.

A total of 1,279 ships passed through the Suez Canal in February, up 5% on the 1,218 seen in the second month in 2003.

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