# Suez Canal to raise transit fees in 2023 - Chinadaily.com.cn

> The Suez Canal Authority announced that transit tolls will rise 15% for most vessel types and 10% for dry bulk and cruise ships starting in 2023. The authority cites rising energy prices, freight rates and charter rates. The canal handled 20,649 vessels last year, and its annual revenue reached a record $6.3 billion.

- Date: 2022-09-18 · published 2022-09-18T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/39488-suez-canal-to-raise-transit-fees-in-2023-chinadaily-com-cn
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher canal tolls add to voyage costs on Asia-Europe routes and for dry bulk cargoes that use Suez, which can lift freight rates for feed grains. The impact is a cost increase that is more gradual than a physical disruption.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- chinadaily.com.cn: https://www.chinadaily.com.cn/a/202209/19/WS6327d8c5a310fd2b29e786c9.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.