Suez Canal fees rise
Afp, Ismailiya, Egypt
Transit fees for ships using Egypt's Suez Canal increased on Sunday by an average of nearly three percent, the canal authority said, in the second such increase in a year. Director of Public Relations Mohammed Mussa told AFP that the change took effect at midnight, as originally announced by the authority in December. Fees rose 3.5 percent for cargo ships, 3.73 percent for oil tankers and only 1.14 percent for passenger liners. Other types of ships, including naval vessels, had a 2.84 percent increase. The authority, which has run the canal since its nationalisation in 1956, last raised fees in March 2006, also by three percent. Currently, some 7.5 percent of the world's trade passes through the canal.
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