Suez Canal Authority to raise transit rates in 2007

1/6/2007 9:27:13 AM

The Suez Canal Authority will raise its transit fees by an average 2.8 percent in 2007, according to various news reports.   Adm. Ahmed Ali Fadel, chairman of the SCA said the increase would range from 1.14 percent for passenger ships to 3.73 percent for oil tankers, effective April 1.   The SCA said its 2006 revenue reached a record $3.82 billion, up 11 percent from $3.4 billion last year with the number of vessels passing through the canal up by 580 to 18,580 ships. Cargo loads were up by 66.8 million tons to 736.8 million tons.   American Shipper

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