Suez Canal traffic up year-on-year.
There was an increase in traffic through the Suez Canal in January compared to the same month last year. Statistics released by the Suez Canal Authority showed there were 1,418 vessel transits last month, up some 8% against January 2009. Although the number of January transits was up on the same month last year, it was down 2.3% compared to December.
Revenue also fell month-on-month, down to $383.6 million compared to $389.7 million in the last month of 2009.
According to Egypt's Al-Ahram newspaper, a report from the Central Bank of Egypt says Suez Canal revenue in the second half of 2009 was $2.3 billion compared with $2.7 billion in the same six months the year before.