When shipowners from May 1st onward will sail through the Suez Canal, a new toll of 5 percent, up from the previous rate increase of 3 percent, will be charged. This increase has sparked protest from The International Chamber of Shipping.
“Most international ship operators are trading in the worst shipping markets in living memory due to there being too many ships chasing too few cargoes. This is not the time for the SCA (Suez Canal Authority) to be announcing increases, which for some trades seem very dramatic indeed, and which many shipowners will find impossible to pass on to their customers,” said Peter Hinchliffe, Secretary General of ICS.
Already a subscriber? Log in.
Read the whole article
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.