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Thursday, January 20, 2022

Suez Canal Says Fee Hikes Will Boost Revenue by $400 Million

Maritime Activity Reports, Inc.

January 3, 2022

© Igor Groshev / Adobe Stock

© Igor Groshev / Adobe Stock

The chairman of the Suez Canal Authority told Arabiya TV on Monday that the 6% increase in canal fees from February will boost annual revenue by $400 million.

Revenue from the canal in 2021 was hit by a six-day disruption when the container ship Ever Given got stuck in the canal in March, halting traffic in both directions.

(Reporting by Moataz Mohamed; Editing by David Goodman )

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