East Africa exporters brace for impact as Suez Canal tolls rise

Suez Canal

A handout picture released by the Suez Canal Authority on March 29, 2021. FILE PHOTO | SUEZ CANAL AUTHORITY | AFP

Photo credit: Suez Canal Authority | AFP

The increase in transit tolls for ships passing through the Suez Canal by 15 percent is likely to impact exports to Europe from the region, the shippers warned.

Egypt has raised the fees for all vessel types, except bulk and cruise ships, whose fees will increase by 10 percent from next year.