Suez Canal Authority Set to Raise Toll Surcharges for Tankers

Suez Canal Authority Set to Raise Toll Surcharges for Tankers

Egypt’s Suez Canal Authority (SCA) said on Tuesday (14th Feb 2023) it will increase transit surcharge fees for crude oil and petroleum product tankers starting from the 1st April 2023.

Navigation circulars issued by the SCA provided details on the upcoming changes. According to the?circular, the surcharges on both laden crude oil and petroleum product tankers are set to increase from 15% to 25% of normal transit fees, while the surcharges for empty (ballast) tankers will increase to 15%, from 5% currently.

The changes will take effect starting 1st April 2023 and apply to vessels transiting in both directions.

The SCA said the changes are due to “significant growth in global trade, the improvement of ships’ economics, the Suez Canal waterway development, and the enhancement of the transit service.”

The circulars said the additional fees are temporary and can be modified or cancelled according to the changes in the maritime market.

Circulars can be found here:-

Circular No. 1/2022 - Crude Oil Tankers

Circular No. 2/2022 - Petroleum Product Tankers

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Roosh Saeed

Ship Operations & Systems - Team Leader at Kanoo Group

1 年

Thanks for the info

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