04:44 PM 09:44 AM EST JAN 30, 2023 JLM 53°F
Another reason for price increases

The announcement by the Suez Canal Authority that it is raising the price of transit fees by 6% is another factor in the global supply chain and is expected to raise the prices of consumer products. In the Suez Canal, 12% of all world trade passes. The updated price will take effect in February 2022.

It should be noted that the Canal Authority has decided to exempt from raising the fees the tourist ships due to the difficult situation of the industry following the Corona crisis as well as the natural gas tankers due to the crisis in the global market.

The Authority explained that the decision to increase it was made after an in-depth study and expected increase in the profitability of shipping companies over the next two years.

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La Jun 10:23 07.11.2021
Economy crash worldwide is going to happen very soon!