Egypt announced a five percent increase on Suez Canal transit tolls for dry bulk vessels and LPG carriers, compared to rates applied during 2019, taking effect by April 2020.
The Egyptian state tv announced that the Suez Canal Authority (SCA) issued new resolutions on the ships' tolls during this year. It quoted SCA Chairman and Managing Director Osama Rabie as saying that the Suez Canal transit tolls will remain unchanged for all other types of vessels.
The decision to keep the Suez Canal transit tolls unchanged will benefit container vessels, tankers carrying oil and its products, LNG carriers, car carriers, general cargo vessels, Ro-Ro vessels, cruise vessels, and other types, Rabie said.
He explained that the transit tolls were decided after careful analyses of developments in competitor routes, as well as studies on developments in the maritime transport market, global economy, and the global trade movement.
The Chairman explained that the Suez Canal is a major lifeline for the global seaborne trade, through which 8.3 percent of the total global trade traffic passes besides approximately 25 percent of the total traffic of containerized cargoes globally, and 100 percent of the seaborne container trade between Asia and Europe.
The Suez Canal can accommodate 100 percent of the global fleet of container ships, 92.8 percent of the dry bulk vessels fleet, 61.9 percent of oil tankers fleet, 100 percent of all other fleet types with a full load, and 100 percent of the global ship fleet empty or partially loaded, noted Rabie.
Last November, Chairman Rabie, asked the Canal’s employees to exert all efforts to ensure Suez remains the main gateway to the global trade movement.
Rabie pledged, during the 150th anniversary of the Canal organized by SCA, that it will remain the top navigational destination for the transit of new generations of giant container ships with large submersibles.
He also announced the canal's readiness to receive one -hundred percent of the fleet of container ships in the world thanks to the new canal project, which succeeded in raising the Canal’s classification and maintaining its leading position in the navigation community.
