Egypt.. The Suez Canal imposes unprecedented charges, and its president sends a message to the world

Egypt – The Suez Canal Authority raised the payment for utilizing the digital service to $500 as an alternative of $50 on ships transiting the canal, ranging from January 2025.

The Authority accredited elevating the worth of amassing digital service charges to $300 as an alternative of the present $50 on transiting ships, as of September 2024. It is going to be raised to $500 in 2025, stressing that this service comes throughout the framework of digital transformation, rushing up communication with clients, and facilitating transit procedures.

​The Canal Authority additionally stipulated that it’s collected on each transit payment bill issued to the ship when it passes by the canal, offered that it’s included below the identify Digital Transit Request (ETR) as a lump sum on each transit payment bill issued to the ship.

The round added that the digital service charges are thought-regarding an integral a part of the common transit charges and linked to them and don’t have an effect on or be affected by any further charges or reductions. Subsequently, they’re collected within the forex by which the ship’s transit charges are paid in line with the alternate charge used on the day of transit.

The Suez Canal Authority additionally specified the ships exempted from digital service charges, which embrace ships exempt from transit charges, regardless of the motive for the exemption, along with small buoys – marine items with a complete tonnage of the Suez Canal of lower than 300 canal tons, excluding warships.

For his half, Osama Rabie, Chairman of the Suez Canal Authority, harassed that the canal will stay the quickest and shortest route, as financial savings charges for flights heading by the Suez Canal between the continent of Asia and Europe vary from 9 days to 2 weeks, in line with the ports of departure and arrival.

He identified that the Cape of Good Hope route, which many ships have taken lately because of the Crimson Sea tensions, is an unsustainable route and lacks the mandatory companies, along with growing hazard resulting from unhealthy climate circumstances throughout most durations of the yr.

Supply: Companies