Three-pronged strategy to revitalize Suez Canal

More tug boats, a new and less cyclical business unit and new customers in countries highly exposed to the oil price. These are the three points which will stabilize and boost revenue for the Suez Canal going forward, notes the Suez Canal Authority.
Photo: Josef Polleross
Photo: Josef Polleross
BY CHRISTIAN BARTELS

New initiatives are underway from the SCA, Suez Canal Authority, aimed at turning around the downward trend in revenue and stabilize the business going forward, writes the organization in a statement released for a conference about the canal's upcoming offensive move.

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