Egypt's Suez Canal says to raise fees 3 per cent in 2012

Reuters, Thursday 1 Dec 2011

Authority will hike toll for all vessels on the strategic waterway, in the first such move in three years

Suez boat
Queen Mary 2, the largest ocean liner in the world, crosses the Suez Canal in 2007 (Photo: Reuters)

Egypt's Suez Canal Authority said on Thursday it would raise toll fees for all vessels passing through the strategic waterway by 3 per cent starting March 2012, saying tariffs had not been changed for the previous three years.

"The Suez Canal Authority has decided the following regarding toll fees in 2012 ... firstly raising vessel toll fees in 2012 by 3 per cent for all types of ships passing through the canal," it said in a statement, adding that this would be effective from March 2012.

It said the change followed studies about the global economy and trade.

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