From AA:
Egypt’s Suez Canal Authority plans to raise the transit fees for ships passing the waterway by 15% at the start of 2023.
In a statement, the Canal Authority’s chairman, Osama Rabie, said the transit fees for bulk and tourist ships will also be raised by 10% and will also be applied as of January 2023.
Rabie cited the increase in fees to current global inflation, which increased the operational costs and the costs of navigation services provided in the canal.
Avoiding long supply lines means avoiding factors that are out of producers’ control.
