Middle East

Suez Canal tolls to rise

Cairo: Tolls at the Suez Canal are set to rise for a third consecutive year by as much as 2.6%. 

The new fees will start from May 1. The rise is from 2 to 2.6% depending on ship size. 

Despite some security concerns in the past 12 months especially in the unstable Sinai region of Egypt, the vital waterway connecting Asia and Europe has reported robust volumes, including a recent record for daily tonnage transits.   [06/02/14]

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