The Suez Canal Authority (SCA) is increasing passage fees, boosting international transport costs on top of soaring bunker prices.
In a string of circulars scheduled to take effect on 1 March, SCA officials justified the decision citing “significant growth in global trade, the improvement of ships’ economics, the Suez Canal waterway development and the enhancement of the transit service”.
The circulars were signed on 27 February, well after the Ukraine crisis erupted.
