Middle EastOperations

Suez transit toll prices announced

Cairo: Transit tolls at Egypt’s Suez Canal will not change much this year.

Authority chief Mohab Mameesh said that the canal is on track open its second lane as expected in August.

The canal earned a record $5.455bn in revenue last year.

“The fuel price has dropped all over the world. Raising the transit toll would make it easier for ships to travel around the Cape of Good Hope,” Mameesh said on plans to keep pricing the same this year.

The only change for 2015 would be for LNG ships, who will see a toll discount they had cut to 25% from 35.  [05/02/15]

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