Egypt has decided to remain the transit fees of ships and tankers crossing the Suez Canal unchanged, the state MENA news agency reported on Monday.
Admiral Ahmed Ali Fadel, chief of the Suez Canal Authority (SCA), made the announcement during a press conference on Monday at the Suez Canal city of Ismailia, said the report, saying the transit fees will remain unchanged as imposed in 2008.
Egypt's Suez Canal tolls for ships transiting the international waterway rose as of April 1, 2008, ranging between four and 14 percent according to the type and size of different ships.
Egypt announced the nationalization of the Suez Canal in 1956, some 87 years after the Canal opened in 1869.
The Suez Canal, linking the Red Sea and the Mediterranean, is one of the world's busiest waterways for international trade and Egypt's major sources of revenue along with tourism, remittances from expatriate workers and oil exports.
Fadel said the Suez Canal revenues reached 5.382 billion U.S. dollars, a 16.7 percent increase compared to the previous year.
The number of ships crossing the international waterway has decreased due to piracy near the Red Sea waters and the negative impact of the current global financial crisis on the international trade volume.
The SCA is watching closely the current international financial crisis, said Fadel.
Source:Xinhua
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