Egypt’s Suez Canal revenues fall 1.4% y-o-y to EGP 49.1 bn in 1H2019

Suez Canal revenues fell to EGP 49.1 bn (c. USD 2.98 bn) in 1H2019, down 1.4% y-o-y from EGP 49.8 bn (c. USD 3.02 bn) the previous year, according to calculations of monthly data compiled by CAPMAS (pdf — pp. 4). Revenues for June came at EGP 7.8 bn, down 10.3% y-o-y from EGP 8.7 bn in June 2018. The decrease was attributed to fewer oil tankers and other vessels crossing the canal than in the comparable month last year.