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Suez Canal revenues reach $442.8m in November

Suez Canal revenues reach $442.8m in November
Revenues from Suez Canal amounted to $442.8 million in November, compared with around $442.2 million in November 2013, according to official statistics.
The canal’s revenues amounted to $4.958 billion during the first 11 months of 2014, rising 7% over nearly $4.636 billion in the same period of 2013, according to the periodical statistics of Suez Canal Authority.
The artificial waterway, which connects the Mediterranean and Red Sea, is the shortest marine route between Asia and Europe. Its revenues represent nearly 10% of Egypt’s annual foreign currency revenues, averaging $5.3 billion annually.