# New Suez Toll Hike Significant for U.S. Importers - Universal Cargo

> The Suez Canal Authority raised transit tolls by 5%, 7% or 10% depending on vessel type, effective March 1, 2022, on top of a 6% increase announced in November. Xeneta's analyst said a large container ship's one-way transit cost rises from about $625,000 to $675,000.

- Date: 2022-03-02 · published 2022-03-02T12:00:00.000Z
- Category: logistics · region Egypt · magnitude medium
- Page: https://feedsoft.ai/events/42185-new-suez-toll-hike-significant-for-u-s-importers-universal-cargo
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher canal tolls raise the cost of shipping grain and oilseeds between Europe, Asia and the Americas, which supports ocean freight rates and can widen the spread between US and Black Sea origins.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- universalcargo.com: https://www.universalcargo.com/new-suez-toll-hike-significant-for-u-s-importers/

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