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Egypt’s Suez canal to increase tolls by up to 10% -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Shipment containers move through Suez Canal, Egypt on February 15, 2022. Photograph taken February 15, 20,22. REUTERS/Mohamed Abd El Ghany

CAIRO, Reuters – The Suez Canal Authority in Egypt announced Sunday that it would increase canal tolls up to 10% for laden or ballast vessels effective March 1.

According to circulars issued by the canal authority, this decision was made “in accordance with significant growth in global commerce, the improvement ship’s economics, and the Suez Canal waterway developments and the enhancements of the transit service”.

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