Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Suez Canal fees to remain the same

Suez Canal fees to remain the same

Cairo: Egypt will maintain current transit fees for the Suez Canal, the longest man-made waterway, until at least the end of the year, the chairman of the Suez Canal Authority said. "We will make a decision on whether or not to change the tolls at the end of the year," Ahmed Fadel told reporters in the northeast city of Ismailia yesterday.?The number of ships passing through the canal in the fiscal year ended June 30 fell 9.6 percent to 17,504, while revenue dropped 4.2 percent to $4.54 billion, he said.?In the first half of 2010, the number of ships using the canal increased 3.3 percent from a year earlier, while revenue climbed 13 percent, he said.?The maximum depth of the canal for ships was increased to 66 feet in January, Fadel said.  [28/07/10]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.