Piracy off Somali coast has no effect on shipping on Suez Canal, says Egyptian official
The head of the Suez Canal Authority, Ahmed Ali Fadel, said here on Sunday that piracy in the Gulf of Aden off the Somali coast has no affect on the maritime transport through the Suez Canal.
Fadel said in statement issued in Cairo on Sunday that the rate of ships passing through the Suez Canal was on the rise, which he said shows that the acts of piracy have no effects on the Suez Canal.
He said the average daily rate of ships that passed through the Canal since September was 63 vessels per day, the same rate as in August. While he pointed out that the daily rate of ships last year was 57 vessels per day.
Fadel confirmed that the Suez Canal Authority was watching developments on the level of maritime transport in the region in addition to the international trade, and fluctuations in energy prices to cope with these developments.
He said the Canal"s monthly returns during the month of September 2008 were equivalent to the returns in August, which stood at 504 million dollars.