Egypt is studying further expansions of the Suez Canal
NewsThese considerations arise amidst a significant decline in revenue, attributed to shipping companies bypassing the Canal due to attacks by Houthi militants.
The Suez Canal Authority (SCA) is to raise its transit tolls by 6% from February 2022. Only LNG carriers and cruise ships will be exempt from the increases, which Osama Rabea, chairman of the SCA, said are entirely justifiable given the positive economic forecasts and envisaged strong demand for shipping services next year.
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