Suez Canal Revenues Reach $552 Million in April

(Photo: Suez Canal Authority)

(Photo: Suez Canal Authority)

Egypt’s Suez Canal Authority claimed on Thursday its profits in April were $552 million compared to $476 million in the very same month in 2014.

The canal’s authority claimed 1,814 ships transited in April, up from 1,731 ships in the very same month in 2014.

A large container ship obstructed the river in late March triggering a massive stockpile of vessels waiting on flow in what is the fastest delivery path in between Europe as well as Asia.

(Reporting by Yusri Mohamed; Writing by Nadine Awadalla; Editing by Chris Reese)

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