The news that ships were using alternate routes to reach the Suez Canal as a result of the decision to increase transit costs in the canal as of January 2023 was addressed by the Egyptian administration.
The Egyptian government denied these reports, stating that it is untrue that ships are using alternate routes to pass through the Suez Canal as a result of the authority’s decision to increase transit fees beginning in January 2023. It also emphasised that the authority uses a flexible and balanced pricing strategy that serves the interests of both its customers and itself, and that it takes into account the global economic environment and its variables using transparent mechanisms.
In order to maintain the Canal’s leadership and make it the best, fastest, and shortest option for customers, as well as the least expensive option when compared to competing methods, ships’ transit fees are estimated based on the savings that are proportional to the fees achieved by the Canal for transiting ships.
The decision to raise the fees for crossing the canal was made, according to the government, in light of market changes in the maritime transportation industry, which have seen a continued rise in the daily time charter categories for most types of ships and their expectations for their continuation in the upcoming year, as well as the high rates of global inflation, which have increased the costs of operating and maintaining ships as well as the provision of navigational services. channel,.
According to the government, the canal will continue to set new records as evidenced by the navigation statistics of the canal that were recorded in the third quarter of this year 2022. These statistics show that 6,252 ships passed through the canal between July and September of this year, with a total net tonnage of 372. 7 million tonnes and $2. 1 billion in revenues.
Author: RT.
Egypt .. After increasing transit fees, the government makes a statement regarding ships using alternate ways to reach the Suez Canal.
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