Toll Rates for Certain Shipping Vessels to Increase Along Suez Canal
Egypt plans to increase transit toll rates along the Suez Canal for dry bulk vessels and liquefied petroleum gas carriers by 5 percent, according to a Jan. 9 report from the Hong Kong Trade Development Council. The new rates, announced…
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Jan. 4, will not impact tolls for other types of shipping, including container vessels, tankers carrying oil and oil products, liquefied natural gas carriers, car carriers and “general cargo” vessels. The changes were made by the Suez Canal Authority after “careful analysis of developments in competitor routes,” studies on the developing maritime transport market and the “global trade outlook,” the report said. The rates reflect the agency’s desire to “maintain traffic growth momentum at a challenging time for global shipping.”