Posts tagged Suez Canal Decline in Traffic
Slowdown and Piracy Sink Suez Canal Revenues
on July 27, 2009 by admin in Egypt News, Shipping News, World Business News, Comments Off
Suez Canal, Egypt’s major foreign currency earner and world’s busiest international trade routes has slashed its revenue by 7.2 percent owing to decline in traffic triggered by global economic crisis and piracy scare re-routing. The 191km long man-made waterway allows… Continue reading