Cairo, Sept. 17 (BNA): Egypt said on Saturday that it will increase transit fees for vessels, including oil-laden tankers, passing through Suez Canal, one of the world’s most crucial waterways.
The Suez Canal Authority said in a statement on Saturday that it will add 15% to the fees for tankers carrying oil and petroleum products, and 10% for dry bulk carriers and cruise ships, reports AP.
About 10% of global trade, including 7% of the world’s oil, flows through the Suez Canal, a major source of foreign currency to Egypt, the most Arab populous country with over 103 million.
Source: Bahrain News Agency