Shipping
Suez Canal Will Raise Surcharge Fees as It Still Looks to Increase Transits
The Suez Canal Authority announced its first wide-ranging rate increases in three years, effective July 15, with surcharges varying by vessel type. Crude oil and product tankers face the largest increases at 37 percent when laden, while LPG carriers will incur 32 percent, dry bulk 22 percent, and containerships 12 percent. The authority continues efforts to attract transits despite geopolitical challenges, highlighted by CMA CGM Vendome's first southbound transit on the 3 FAL route since January 2026, with the carrier making 104 transits in the first five months of 2026 carrying 12.5 million tons of cargo.
