Suez Canal reported 1,776 transits in January, an increase of 183 compared to January 2021.
Suez Canal Authority hikes toll, charge may hit shippers
The Suez Canal Authority (SCA) has decided to increase the canal tolls by up to 10 percent for both laden and ballast vessels transiting in north or southbound direction.
The hike was made "in line with the significant growth in global trade, the improvement of ships' economics, the Suez Canal waterway development and the enhancement of the transit service," SCA said in its circular.
Suez Canal, owned and operated by Egypt, reported 1,776 transits in January 2022, a decline of 35 from last month but an increase of 183 compared to the same period last year.
