Middle EastOperations

Suez Canal tolls to rise from next month

Egypt’s Suez Canal Authority said yesterday it will be increasing canal tolls by up to 10% for laden and ballast vessels from the start of next month.

Justifying the increase, the Suez Canal Authority said the decision was “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”.

The canal has kicked off a significant, multi-million dollar expansion plan for its southern waterway in the wake of last year’s grounding of the Ever Given containership.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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