While inflationary pressures have gripped the global economy, Egypt’s Suez Canal Authority said today it will be increasing canal tolls by up to 10% for laden and ballast vessels, effective March 1.

The decision was “in line with the significant growth in global trade, the improvement of ships’ economics, the Suez Canal waterway development and the enhancement of the transit service”, according to a series of circulars by the canal authority.

Source: gCaptain