Egypt to raise Suez Canal transit fees for ships in 2023

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Cairo, Sept. 17 (BNA): Egypt said on Saturday that it will increase transit fees for vessels, including oil-laden tankers, passing through Suez Canal, one of the world’s most crucial waterways.

 

The Suez Canal Authority said in a statement on Saturday that it will add 15% to the fees for tankers carrying oil and petroleum products, and 10% for dry bulk carriers and cruise ships, reports AP.  

 

About 10% of global trade, including 7% of the world’s oil, flows through the Suez Canal, a major source of foreign currency to Egypt, the most Arab populous country with over 103 million.

 



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