# Charges to use Suez Canal rise

> The Suez Canal Authority introduced new canal tolls of 5%, 7% or 10% on all vessels from March 1, following a 6% increase announced in November. Xeneta's Peter Sand said a large container ship already pays $500,000 to $600,000 per transit and the rise makes global trade more expensive.

- Date: 2022-03-11 · published 2022-03-11T12:00:00.000Z
- Category: logistics · region Egypt · magnitude medium
- Page: https://feedsoft.ai/events/42189-charges-to-use-suez-canal-rise
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher transit costs favor routing around the Cape where fuel use rises, which lifts ocean freight charges on grain and oilseed cargoes moving between Asia and the Americas.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- ofimagazine.com: https://www.ofimagazine.com/news/charges-to-use-suez-canal-rise

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