Suez Canal annual revenues were effectively unchanged in FY2019-2020 despite falling towards the end of the year due to the covid-19 pandemic, Reuters reports. Revenues for the year came in at USD 5.72 bn, down only slightly from USD 5.75 bn the previous year. Receipts in the month of May fell 9.6% y-o-y due to the slowdown in global trade caused by the virus, head of the Suez Canal Authority Osama Rabie said last month.

In related news, the Suez Canal Authority is offering an 8% rebate for ships launching from northwest Europe and then travelling directly from Spain’s Santander Port to the Port of Singapore, according to an authority circular (pdf).

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