Highlights Move due to rise in global trade, healthier ship economics SCA working on canal expansion after the Ever Given incident in 2021 Suez Canal is a strategic route for commodities and global trade The Suez Canal Authority will increase tolls for laden and ballast vessels transiting the key waterway by 5%-10% from March 1, it said late on Feb. 27. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The hike was made “in line with the significant growth in global trade, the improvement of ships’ economics, the Suez Canal waterway development and the enhancement of the transit service,” the SCA said in a circular. Crude and refined product tankers will see a 5% rise on normal transit dues, while LNG carriers will see a 7% hike. The smaller size LPG and chemical tankers will see a 10% rise. The SCA is also currently trying […]