Cargo Business Newswire

Tuesday, February 11, 2014

Suez Canal sets cargo record Friday

Egypt's Suez Canal set a record on Friday of the number of vessels and the cargo passing through it, according to the Suez Canal Authority Chairman Mohab Mamish.

A total of 54 vessels carrying 4 million tons of cargo crossed the canal on Friday, Mamish said, noting that the good news provides a "glimmer of hope" for the improvement of the conditions of Egypt's national economy.

In January Mamish said that the government had allocated two billion Egyptian pounds for a project to develop the Suez Canal Axis.

Egypt's Armed Forces have warned against external forces that seek to harm the international shipping canal. The Suez Canal was attacked last August in an attempt to influence the shipping movement in the canal.

For more of the All Africa story: allafrica.com