Source : scheepvaart.startpagina.nl
The Suez Canal is one of Egypt's main foreign currency earners [Gallo/Getty] Annual revenue from Egypt's Suez Canal, which allows shipping to pass between the Mediterranean and the Red Sea, has dropped by 7.2 per cent to $4.72 billion. Ahmed Ali Fadel, the Suez Canal Authority chief, said on Sunday that the fall was largely due to the financial crisis, while "slight" concerns about piracy off the Horn of Africa played a lesser role [..]