The Suez Canal announced, on Wednesday, that the authority will raise the prices of vessel transit fees by six percent, starting from next February.
The head of the authority, Osama Rabie, said in a telephone interview with the Egyptian satellite channel "Sada Al-Balad", that "this increase will include all ships except for two types only."
He explained, "No increase will be imposed on cruise ships, because this sector has suffered and is still suffering due to the Corona pandemic."
He added that the decision will not include the passage of LNG ships, "because we have already raised their prices at the beginning of this month by ten percent."
Rabie pointed out that this increase is the first in seven years, and that it comes at a time when the maritime transport sector is in great demand, adding that this increase will bring the authority "from 400 to 500 million dollars per year."
He added that the decision came after reviewing "the periodic reports and recommendations issued by international organizations such as the International Monetary Fund, which indicated that there is a growth in the global economy by six percent, a continuation of the growth of global trade and a high demand for maritime transport at seven percent, in addition to We studies the market and the flow in the Suez Canal."
He continued: "After the prices of freight and goods increased, we had to take our share, because we want to provide a distinguished service and develop the authority and bring in new units."
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