Egypt’s Suez Canal Increases Tolls for Laden Crude Oil Tankers

Egypt’s Suez Canal Authority said on March 22 it will temporarily increase a surcharge levied on laden crude oil tankers and petroleum products tankers transiting the canal in both directions to 15% of normal dues from 5%, effective May 1.

It said that ballast crude oil tankers and petroleum products tankers transiting the Canal in both directions are still required to pay a surcharge of 5% of normal transit dues.

The changes come “in line with the significant growth in global trade, the improvement of ships’ economics, the Suez Canal waterway development and the enhancement of the transit service,” according to series of circulars published on its website on March 22.