Suez Canal Authority to increase transit fees from next year

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Transit fees for oil tankers and several other types of vessel passing through Egypt’s Suez Canal will rise by as much as 15 per cent from mid-January, the waterway’s authority said on Tuesday.

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The increase will apply to crude oil tankers, petroleum derivative carriers, liquefied natural gas carriers and liquefied petroleum gas, container ships and passenger ships, the authority said in a statement.

A 5 per cent increase will be levied on dry bulk carriers and roll-on/roll-off vessels.

Ships heading from ports in Northwestern Europe to destinations in the Far East are exempt from the latest increase.

www.msn.com/en-ae/money/news/suez-canal-authority-to-increase-transit-fees-from-next-year/ar-AA1imaQM

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