Egypt raises Suez Canal transit fees

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Egypt announced on Saturday that it will raise transit fees in 2023 for all types of vessels passing through the Suez Canal, Report informs, citing CNBC.

According to a statement released by the Suez Canal Authority, transit fees for tankers passing through the canal will rise by 15%. The increase for dry bulk carriers and tourist ships is 10%. The fee hikes will take effect on January 1, 2023.

Report sent a request to the Azerbaijan Caspian Sea Shipping CJSC on the issue. Mehman Mehdiyev, head of the organization’s press service, said that the ships of the CJSC do not sail in the Red Sea, in other words, they do not use the Suez Canal.