Egypt reduces transit fees for the Suez Canal to boost traffic volume.

The Suez Canal Authority of Egypt announced on the 13th that it will provide a 15% transit fee discount to large container ships starting from May 15th. This move is aimed at encouraging shipping companies to return to the Suez Canal as the security situation in the Red Sea improves. Osama Rabie, chairman of the Suez Canal Authority of Egypt, stated in the announcement that this discount applies to container ships with a net tonnage of 130,000 tons or more, and is valid for 90 days.