{"id":76543,"date":"2022-03-03T10:28:34","date_gmt":"2022-03-03T07:28:34","guid":{"rendered":"https:\/\/www.capitalfm.co.ke\/business\/?p=76543"},"modified":"2022-03-03T10:28:34","modified_gmt":"2022-03-03T07:28:34","slug":"egypts-suez-canal-increases-transit-tolls-by-up-to-10-percent","status":"publish","type":"post","link":"https:\/\/www.capitalfm.co.ke\/business\/2022\/03\/egypts-suez-canal-increases-transit-tolls-by-up-to-10-percent\/","title":{"rendered":"Egypt\u2019s Suez Canal increases transit tolls by up to 10 percent"},"content":{"rendered":"<p><strong>Addis Ababa, Egypt, March 3 &#8211; Egypt\u2019s Suez Canal Authority (SCA) announced on Tuesday an increase in the transit tolls by up to 10 percent for laden and ballast vessels.<\/strong><\/p>\n<p>The decision, which was made in line with significant growth in global trade, waterway development, and transit service enhancement, takes effect on March 1, the SCA said in a statement.<\/p>\n<p>This is the second toll increase in two months.<\/p>\n<p>On February 1, the SCA raised its transit tolls by six percent for vessels traveling through the waterway, except for the tourist ships and the Liquified Natural Gas (LNG) carriers.<\/p>\n<p>\u201cThe new increase is subject to continuous evaluation based on the changes of the marine transit market,\u201d the statement added.<\/p>\n<p>Linking the Mediterranean Sea with the Red Sea, the Suez Canal was officially opened for international navigation in 1869, serving as a lifeline for global seaborne trade. Around 12 percent of the world\u2019s trade passes through the canal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Addis Ababa, Egypt, March 3 &#8211; Egypt\u2019s Suez Canal Authority (SCA) announced on Tuesday an increase in the transit tolls by up to 10 percent for laden and ballast vessels. The decision, which was made in line with significant growth in global trade, waterway development, and transit service enhancement, takes effect on March 1, the [&hellip;]<\/p>\n","protected":false},"author":13592,"featured_media":31265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1359],"tags":[],"coauthors":[],"class_list":["post-76543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-africa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt\u2019s Suez Canal increases transit tolls by up to 10 percent - Capital Business<\/title>\n<meta name=\"description\" content=\"Addis Ababa, Egypt, March 3 - Egypt\u2019s Suez Canal Authority (SCA) announced on Tuesday an increase in the transit tolls by up to 10 percent for laden and Kenya breaking news | Kenya news today |\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.capitalfm.co.ke\/business\/2022\/03\/egypts-suez-canal-increases-transit-tolls-by-up-to-10-percent\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s Suez Canal increases transit tolls by up to 10 percent\" \/>\n<meta property=\"og:description\" content=\"Addis Ababa, Egypt, March 3 - 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