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Suez Canal Transit Fees To Be Increased

Egypt Expects Suez Canal Revenues to Hit $7B by 2022
Phot Courtesy: AP

Egypt plans to raise fees for ships departing through the Suez Canal by 15 percent in 2023, the canal authority’s chairman Osama Rabie stated. In addition, transit fees for bulk and tourist ships will be raised by 10 percent, Rabie added. The fee boost will be applied to start January 1, 2023.┬áThe article is about Suez Canal Transit Fees To Be Increased.

The Suez Canal is an artificial sea-level waterway in Egypt, uniting the Mediterranean Sea to the Red Sea through the Isthmus of Suez and dividing Africa and Asia. The canal is a route of trade between Europe and Asia.

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