EGYPT: Suez Canal Increases Tolls amid Canal Extension Programme
28 March 2022
The Suez Canal Authority (SCA) has increased tolls starting 1 March 2022. In 12 circulars issued on 28 February 2022, the Authority introduced toll surcharges for most vessels in order to fund canal improvements. Laden and ballast vessels will incur surcharges from 5% to 10%, depending on carrier type. Bulk carriers, crude oil carriers and petroleum tankers will pay a tariff increase of 5%. LNG tankers, RORO vessels, special floating units, general cargo/multi-purpose/heavy lift and other vessels travelling in both directions, along with northbound vehicle carriers, will pay 7% extra. Northbound and southbound LPG, chemical and other liquid bulk tankers will pay a 10% surcharge.
The SCA has also levied surcharges on the number of tiers of containers on a vessel’s weather-deck. A single weather-deck tier incurs a 7% surcharge, while two, three and four tiers face surcharges of 10%, 13% and 21%, respectively, rising steadily up to 11 tiers at 47%. Further tiers above 11 are surcharged at 2% per additional tier.
- Middle East