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Suez Canal Slashes Fees by 15% Amid Crisis Losses
Suez Canal Slashes Fees by 15% Amid Crisis Losses
Sputnik Africa
Suez Canal Slashes Fees by 15% Amid Crisis LossesThe discount is offered on transit fees for large container ships (130,000+ tonnes) for the next 90 days... 14.05.2025, Sputnik Africa
2025-05-14T12:55+0200
2025-05-14T12:55+0200
2025-05-14T15:47+0200
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Suez Canal Slashes Fees by 15% Amid Crisis LossesThe discount is offered on transit fees for large container ships (130,000+ tonnes) for the next 90 days, starting Thursday.The cut comes as Egypt faces a sharp 60% drop in canal revenues, with President El-Sisi revealing an $800M monthly loss due to Red Sea instability.
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Suez Canal Slashes Fees by 15% Amid Crisis Losses
12:55 14.05.2025 (Updated: 15:47 14.05.2025) Suez Canal Slashes Fees by 15% Amid Crisis Losses
The discount is offered on transit fees for large container ships (130,000+ tonnes) for the next 90 days, starting Thursday.
The cut comes as Egypt faces a sharp 60% drop in canal revenues, with President El-Sisi revealing an $800M monthly loss due to Red Sea instability.
