VOL. NO: 48      DATE:
 

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AFRICAN ECHO BUSINESS NEWS
Complied by Cass Gilroy-Business Editor

New cargo record for Egypt’s Suez Canal

Egypt's nationalised Suez Canal has recorded a new daily cargo quota, which may well break the daily revenue record of $14.3 million set in August of this year. 

The canal, Egypt's third largest contributor to the country’s GDP, recorded over seventy-six cargo vessels carrying 2.8 million tonnes of cargo in just one day. The 19th century canal's management said that fares were expected to exceed $13 million and could even break the 14.3 million set on the 21st. of August. 

The diverse range of cargo included petroleum products, general goods and mercantile, motor vehicles, and a range of minerals including iron ore.

 

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