A source close to the Suez Canal Authority revealed the details of the authority’s decision to increase the ship’s transit fees to about 10%.

Authorities decided late Sunday to increase transit fees for ships passing through the waterway from Tuesday.

The sources said in a statement that the authorities issued 12 notifications on Sunday that included details of transit fees.

The source said that the increase “is in line with the significant growth in global trade, the improvement of ship economies, and the development of sailing routes and transit services in the Suez Canal.”

According to official publications obtained, the percentage of increase in transit fees is not fixed, but it varies according to the type of ships in transit.

The authorities’ decision includes imposing additional fees on tankers of crude oil and its derivatives that pass in both directions through the Suez Canal, at a rate of 5% of the normal transit fees.

The Suez Canal also decided to impose an additional fee of 10% on LPG tankers (loading and air) passing through the canal in both directions.

As per Circular No. 5 of 2022, for LNG vessels, a vessel surcharge is charged at 7% of the normal fee.
The increase also includes a 5% surcharge on dry bulk vessels (loading and air) passing through the Suez Canal in both directions.

Authorities said there is a 10% surcharge on chemicals and liquid carriers.

The Suez Canal is subject to an additional 7% of the normal transit fee for general cargo, multi-purpose, heavy-duty, heavy-duty and multi-purpose vessels passing in both directions, as well as in the case of transport carriers and private floating vessels. devices.
Transportation is affected

Regarding the impact of this decision on the movement of ships in Suez, the expert on maritime and logistics Ahmed Shami believes that the increase in transit fees decided by the authorities recently “will not affect the transit movement during the voyage.” Given the requirements of global trade for the Suez Canal. ”

Al-Shamy explained, “For the global freight market, the rise in sea loom prices benefited greatly from the Corona epidemic, explaining the supply chain turmoil, which was acceptable in the first half of 2021, but in the second half, the epidemic began to recover, and the freight market is still continuing. The price of walnuts increased unreasonably.
He revealed that with the advent of the mutant “Omicron”, there was some confusion in the shipping market, but soon its effects persisted and everything returned to normal.

And the maritime transport expert, in a statement, confirmed that the Suez Canal “faces many challenges in developing and improving the waterway, which will help in improving international navigation services, and transit prices, especially since other shipping channels decided to increase their fees. .

He pointed out that the authorities “responded to world events and took an early decision to reduce transit fees in a way that supports international navigation, and now they are entitled to a share of traffic improvements.”

The head of the Suez Canal Authority, Osama Rabie, had stated earlier that the navigation movement in the canal during the month of January 2022 recorded new and unprecedented records in terms of the number of ships, net tonnage and revenues achieved, to become the highest compared to the performance rates achieved during the successive months of January throughout the history of the canal.