VOL. XLI

No. 01

5-January-1998

EGYPT

Suez Canal Authority Keeps Transit Rates Unchanged For 1998

In an effort to ward off competition from other routes and means of transport and toarrest the decline in its income, the Suez Canal Authority (SCA) has decided to keep theSuez Canal's transit rates for 1998 unchanged at the 1997 levels (for latter, see MEES,2 December 1996) and to continue to offer incentives to various categories of vesselsusing the waterway. These include volume discounts and...