World Trade and The Global Economy Considered Healthy Looking at Suez Canal Traffic

“Cargo carried through the Suez Canal rose 4.1 percent to an eight-month high in April, signaling no weakness in world trade and the third-highest profit ever for A.P. Moeller-Maersk A/S, the biggest container-shipping line.

The Egyptian waterway carries about 8 percent of global goods and handled almost 57.8 million metric tons last month, compared with 55.6 million tons in March, data from the Suez Canal Authority show. Rising European demand for Asian products is shoring up container rates threatened by what Clarkson Plc, the biggest shipbroker, estimates will be a 6.8 percent expansion in the fleet’s capacity this year.”

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