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The International Chamber of Shipping (ICS) – the principal international trade association for shipowners, representing all sectors and trades and over 80% of the world merchant fleet – has voiced serious concerns about toll increases just announced by the Suez Canal Authority (SCA), to be implemented on 1 May 2013. For all but the smallest ships, the Suez Canal toll increases range from about 3% to 5% according to tonnage and ship type. These follow across the board increases of 3% which were implemented in March last year despite industry protests.
