Suez Canal To Increase Transit Rates By 15% In 2023

Suez Canal, one of the world’s most important waterways, plans to increase the transit fees for vessels by 15% in 2023.

The Suez Canal Authority Chairman Osama Rabie added that for bulk and tourist ships, the fees would be raised by 10%.

Suez Canal
Image for representation purpose only

The new rates will be implemented starting January 1st 2023.

According to the Canal Authority, about 20,649 vessels passed through the canal in 2021, a 10% increase from the previous year, resulting in a revenue of about $6.3 billion, the highest in the Canal’s History.

References: Reuters, Deccan Herald, ABC News

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Article

Discount up to 30% for this month

Lorem ipsum dolor sit amet consectetur adipiscing elit dolor