# Suez Canal toll hike: ‘Global trade just got more expensive’ - FreightWaves

> The Suez Canal Authority raised transit tolls by 5%, 7% or 10% depending on vessel type, effective 1 March, following an earlier 6% increase. A large container ship now faces a one-way toll of about $675,000.

- Date: 2022-02-28 · published 2022-02-28T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/42614-suez-canal-toll-hike-global-trade-just-got-more-expensive-freightwaves
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher canal tolls raise the cost of shipping grains and feed ingredients between Europe, Asia and the Americas, adding to delivered costs for importers.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- freightwaves.com: https://www.freightwaves.com/news/suez-canal-toll-hike-global-trade-just-got-more-expensive

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