Cairo - Hala Arafa - Beth:

Lieutenant-General Osama Rabie, head of the Suez Canal Authority, announced that the authority has started implementing the new tariff of transiting ships, as of today, which includes an increase in transit fees for all types of ships transiting the canal by 6% during the current year compared to what it was during 2021.

Lieutenant-General Osama Rabie added that cruise ships and LNG carriers have been excluded from this increase, so their transit fees are fixed, in parallel with the authority's continued application of flexible marketing policies during the current year by providing a package of incentives and discounts for various types of ships transiting the canal, especially those operating on shipping lines that do not Check her channel optimum savings.

The head of the Suez Canal Authority stressed that the fees decisions are subject to extensive studies prepared by the experts of the economic unit of the Department of Planning, Research and Studies in the authority after careful follow-up and scrutiny of all variables related to the maritime transport market, indicators of the global economy and global trade movement, as well as a review of periodic reports and recommendations issued by organizations. Institutions specialized in the maritime transport industry and estimates of international financial institutions.

Lieutenant-General Osama Rabie, head of the Suez Canal Authority, said that the navigation movement in the canal during January 2022 recorded new and unprecedented records in terms of the number of ships, net tonnage and revenues achieved, becoming the highest compared to the performance rates achieved during the successive months of January throughout the history of the canal.

The head of the authority indicated that the Suez Canal witnessed the crossing of 1774 ships from both directions during January of 2022, compared to the crossing of 1594 ships during January of last year, with a total net tonnage of 106.1 million tons, compared to 104.2 million tons during January of last year.

Lieutenant-General Rabie clarified that the regularity of the navigation movement in the canal had a great impact on increasing the total revenues achieved, as the authority’s revenues during January 2022 recorded about $544.7 million, excluding navigation services, compared to $495.7 million during the same month last year, with a difference of $49 million, an increase 9.9%

Lieutenant-General Rabie added that the navigational reports during the month of January 2022 monitored a significant increase in the transit rates of various types of ships compared to the same month last year, as the number of bulk vessels increased by 25.1%, and container ships transiting the canal increased by 11.5%, while the percentage of carrier vessels increased by 11.5%. cars 27%.

The head of the authority indicated that the movement of ships transiting the canal during the month of January 2022, which exceeded the transit rates of ships in the same month throughout the history of the canal, including the past two years 2020 and 2021 (the years of the Corona crisis), gives a clear indication of the success of the flexible marketing and pricing policies that the authority adopted in dealing Flexibility with global economic changes and its success in reducing the negative impact of the outbreak of the “new corona virus COVID_19” on the shipping industry, which resulted in gaining customers’ trust and attracting new shipping lines that did not cross the canal before, as the marketing policies contributed to attracting 336 ships during the month of January 2022 represents 19% of the total vessels transited during the month.