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Egyptian Suez Canal revenues rise to $ 471.5 million in December
Egypt's revenues from the Suez Canal rose to $ 471.5 million in December from 462.7 million in November, official data showed on Wednesday.
On an annualized basis, Suez Canal revenues in December rose by 13.8 percent compared to the same month a year earlier, when it reached 414.4 million dollars.
The Suez Canal, which is 192 kilometers long, shortens the journey between Asia and Europe by about 15 days on average.
In the whole of 2016, revenues from the Suez Canal fell 3.3 percent to $ 5.005 billion, according to Reuters calculations, compared with $ 5.175 billion in 2015.
The Suez Canal Authority expects revenues from ships to rise to $ 13.2 billion annually by 2023.
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