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Photo: Suez Canal Authority
Suez Canal Authority (SCA) chairman and MD Ossama Rabiee has announced a 15% hike in canal charges next year.
The 15% hike will apply to all vessels, except cruise ships and bulk carriers, which will see a 10% increase, said Mr Rabiee, in “a balanced and flexible strategy that will compensate the SCA for rising costs in a volatile global economy”.
He added: “Determining the Suez Canal transit tolls rests on a number of pillars, most significant of which is the average freight ...
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