Egypt to Increase Suez Canal Transit Fees by 5-15% in...
International News
October 25, 2023
Egypt has announced its plans to raise transit fees for vessels passing through the Suez Canal in 2024. The proposed fee increase ranges from 5% to 15%, signalling adjustments in the cost of using this critical maritime route. The decision aims to bolster revenue from the Suez Canal, which remains a key source of income for Egypt. The fee adjustments could have implications for global shipping and trade.