NO. 7

16 NOVEMBER 1992


Suez Canal Tolls to Rise 3% in January

Egypt will raise the transit fees on ships passing through the Suez Canal by3% starting on 1 January 1993, according to Suez Canal Authority (SCA) ChairmanMuhammad 'Izzat 'Adil, who said on 10 November that the increase will apply toall ships and tankers using the waterway. He estimated the increase in theCanal's revenues from the toll hike at about $40-50mn a year. He also said thatthe SCA will continue to offer...