Egypt-based Suez Canal Authority (SCA) has announced that the transit tolls for dry bulk vessels and liquefied petroleum gas (LPG) carriers in the Suez Canal will increase by 5%.

SCA chairman and managing director Admiral Osama Rabie said that the Suez Canal transit tolls for all types of vessels will be same as it was in 2019, excluding dry bulk vessels and LPG carriers.

The change will be effective from April this year.

The unchanged transit tolls of the Suez Canal will be beneficial for the container vessels, tankers carrying oil and its products, liquefied natural gas (LNG) carriers, car carriers, general cargo vessels, roll-on / roll-off (RoRo) vessels, cruise ships and other vessels.

SCA’s decisions regarding the transit tolls are based on the studies carried out by the authority’s planning, research and studies department’s economic unit, as well as precise monitoring and studying of all variables related to the maritime transport market.

Suez Canal has the capacity to accommodate 100% of the global fleet of container vessels, 92.8% of dry bulk vessels and approximately 61.9% of oil tankers, in addition to 100% of other types of the global fleet of vessels.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

With a net tonnage of 1.2 billion tonnes, the Suez Canal accommodated 18,880 ships in 2019, which is an increase of 3.9% compared to 18,174 vessels in 2018.

The number of cargoes transiting the canal also increased by 4.9% from 983 million tonnes in 2018 to 1,031 million tonnes in 2019. With an increase of 1.3%, the canal generated revenues of $5.8bn in 2019.

Rabie said that the flexible marketing and pricing policies applied by the authority in 2019 helped to attract 3,463 vessels from different shipping lines that were not passing through the canal earlier.

In addition, SCA is focusing on the development of navigation services provided to the transiting vessels.