Egypt to raise Suez Canal transit fees for ships in 2023

Lt. Gen. Ossama Rabei, head of the Suez Canal Authority, investigates the problem with the Ever Given, a ship that wedged across the canal in 2021. [AP photo]

Egypt said on Saturday that it will increase transit fees for vessels, including oil-laden tankers, passing through the Suez Canal, one of the world's most crucial waterways.

The Suez Canal Authority said in a statement on Saturday that it will add 15% to the fees for tankers carrying oil and petroleum products, and 10% for dry bulk carriers and cruise ships.