The Suez Canal Announces A Change In Transit Fees 2022

Suez Canal

The head of the Egyptian Suez Canal Authority, Osama Rabie, stated that the authority decided to increase the fees for ships transiting the canal in 2022 by 6% compared to 2021.

He added in a statement published today that the increase will start to be applied from next February, and will not include liquefied natural gas tankers or cruise ships, as their transit fees will be fixed at what they were during 2021.

Rabie affirmed the authority’s keenness to implement a balanced and flexible pricing and marketing strategy that achieves the interests of the authority and its customers, and takes into account global economic conditions and their various variables through clear mechanisms that include estimating vessel transit fees.

Commenting on the decision to fix the transit fees for liquefied natural gas ships, the head of the authority explained that the decision comes in light of the continuous follow-up to the latest variables of the seaborne liquefied natural gas trade, in a way that integrates with the developments of flexible marketing policies, where the percentage of reduction granted to liquefied natural gas tankers has been adjusted from 25% to 15%, to be implemented starting from the month of November.

Lieutenant-General Rabie added that fixing the fees for cruise ships crossing the canal is mainly due to its being the most affected by the crisis of the outbreak of the Corona pandemic, compared to the rest of the other types of ships, as the tourism and travel sector suffered huge losses worldwide, including cruise ships and marine yachts, and it is expected that this sector will complete its recovery. In 2022.