Suez Canal Tolls to Rise by 4-6% in 1991
Suez Canal transit tolls will rise by 6% for all vessels except bulk carrierswith effect from 1 January 1991. For bulk carriers the increase will be 4%. Thiswas stated on 19 November by Suez Canal Authority (SCA) Chairman Muhammad 'Izzat 'Adil who attributed the increase to instability in the Gulf and rising inflation. "The lack of stability from the Gulf events has affected transport costs which have been fluctuating...