Egypt.. Raising fees for ships crossing the Suez Canal starting from 2023

The head of the Suez Canal Authority, Lieutenant-General Osama Rabie, said in a statement, “It was decided to increase the transit fees for all types of ships transiting the canal by 15% during the year 2023, while the transit fees for both dry bulk vessels and cruise ships will increase by 10%, provided that the application of The planned increase will start in January, early next year.

Rabie attributed the reasons for the decision to increase the transit fees for ships transiting the canal to that it comes “in light of the continuous follow-up to developments in the market changes in the maritime transport sector, which monitors the continuation of the rise in the daily time charter categories for most types of ships to unprecedented levels and expectations of their continuation during the next year.”