Suez Canal increasing tolls May 1

Industry Organizations

Monday, February 04, 2013

The International Chamber of Shipping (ICS), the principal international trade association for shipowners, is voicing concern over plans by the Suez Canal Authority (SCA) to hike tolls on May 1. The chamber said "for all but the smallest ships, the Suez Canal toll increases range from about 3 percent to 5 percent according to tonnage and ship type. These follow across the board increases of 3 percent, which were implemented in March last year despite industry protests." ...

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