Suez Canal Authority to increase transit fees from next year

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.

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.

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

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