Suez Canal Says Fee Hikes Will Boost Revenue by $400 Million
The chairman of the Suez Canal Authority told Arabiya TV on Monday that the 6% increase in canal fees from February will boost annual revenue by $400 million.
Revenue from the canal in 2021 was hit by a six-day disruption when the container ship Ever Given got stuck in the canal in March, halting traffic in both directions.
(Reporting by Moataz Mohamed; Editing by David Goodman )