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Charges up

Suez Canal more costly in 2020

by Port News Editorial Staff

As of today, the Suez Canal will cost more for ships carrying dry bulk and liquefied petroleum gas. The increase of 5% was announced a few days ago by the Egyptian Waterway Authority, in a press release in which it announced that for the other types of ships the rates will remain virtually unchanged.

In 2019 the Channel was crossed by 18,800 ships (+3.9% on the previous year), transporting a total of 1.03 million tons of goods (+4.9%); the revenues generated by transit rights amounted to $5.8 billion compared to $5.7 billion in 2018.

Translation by Giles Foster

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