Suez Canal announces transit fees increase by 15% from Jan.

Suez Canal announces transit fees increase by 15% from Jan.

The Suez Canal Authority has announced it will increase the regular crossing fees by 15 percent for certain vessel categories amid its current strategy to develop canal operations and services.

The decree will be effective by January 15. The newly approved rate hikes are targeted towards several vessel types.

The new rates have been approved with price impacts on carriers of crude oil, petroleum derivatives, liquefied petroleum gas (LPG), liquefied natural gas (LNG), chemical and other liquid cargo ships, container ships, car carriers, passenger ships, and specialized floating units.

The Suez Canal Authority also disclosed in its maritime circular that it will implement a 5 percent increase in regular crossing fees for bulk carriers, general cargo ships, and roll-on/roll-off (RoRo) ships.

Moreover, the circular clarifies that container ships sailing directly from Northwestern European ports to the Far East will be exempted from the mentioned fee increase, reinforcing the strategic importance of these trade routes.

The decision came within the Authority’s commitment to strengthen the channel’s competitiveness and ensure smooth passage for vessels across this vital maritime pathway. 

The toll for dry bulk cargo, general cargo, and roll-on-roll-off vessels will rise by only 5%.

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