Egypt to Raise Suez Canal Transit Fees for Ships in 2023

Cargo ships navigate in the Suez Canal between Port Said and Ismailia, about 100 kilometers northeast of Cairo, on Nov. 24, 2008. Cris Bouroncle/AFP via Getty Images

CAIRO—Egypt said on Saturday that it will increase transit fees for vessels, including oil-laden tankers, passing through 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 percent to the fees for tankers carrying oil and petroleum products, and 10 percent for dry bulk carriers and cruise ships.