Suez Canal Authority increase transit fees starting Feb. 2005
Source: www.export-egypt.com 12/15/2004, Location: Africa
The Suez Canal Authority has decided to increase transit fees for ships using the international waterway by an average of 3 percent next year, the Authority's Chairman Ahmed Fadel has stated yesterday.
Mr. Fadel said the increase will be effective from February 1 and will cover all kinds of vessels using the canal, one of the major routes used by international shipping.
