Sep 01 2010 |
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Suez Canal August revenue up 7.3 pct from July
Revenue from Egypt's Suez Canal rose 7.3 percent to $436 million in August, the chairman of the Suez Canal Authority said in a statement on Wednesday, Reuters reported. Revenue in July was $406.2 million.Al-Masry Al-Youm reported Wednesday that a Russian ship explored a new marine route to reach China instead of passing through the Suez Canal. The new route is 5 nautical miles shorter and saves around $1 million in fuel costs, according to Russian experts.
Only Russia and China will benefit from this route, according to an Egyptian official in the Suez Canal Authority , reported the independent daily.
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