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Published 2 years ago

Suez Canal authority to raise transit fees by 15% in 2023

Summary by Ground News
Egypt says it will increase transit fees for vessels, including oil-laden tankers. The Suez Canal Authority said in a statement on Saturday that it will add 15% to the fees for tankers carrying oil and petroleum products. About 10% of global trade flows through the Suez canal, which is a major source of foreign currency to Egypt.

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