Suez Canal revenue fell 9.6% in May compared to the same month last year; Because of the impact of the Corona Virus outbreak on world trade movement.
According to Reuters, Osama Rabie, head of the Suez Canal Authority, told state television that the number of ships passing through the channel in May was almost unchanged from May 2019, but the tonnage decreased. .
He declined to disclose the total revenue for the first five months of 2020, but he said that we are almost investigating the exact year that passed, whether revenue, payload, or number of boats. >
He mentioned last month that the revenue of the channel increased to 1.907 billion dollars in the first four months of 2020 compared to 1.869 billion dollars in the same period last year. p>
He said on Wednesday, I am optimistic that, God willing, in the second half, with the movement of global trade ... God willing, we will achieve the same revenues and the same income for the year She missed.
The Suez Canal is the fastest shipping route between Europe and Asia and one of the main sources of hard currency for the Egyptian government.
