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Egypt is losing transit fees. A typical bulk carrier pays about $200,000 per transit. 51 ships transit the canal each day, on average. Egypt is losing $10m p
by ArkanExplorer 6y ago
Egypt is losing transit fees.
A typical bulk carrier pays about $200,000 per transit.
51 ships transit the canal each day, on average.
Egypt is losing $10m per day.
Edit: the canal generated $5.85billion in revenue in 2018, or $16million per day.
https://www.reuters.com/article/uk-egypt-economy-suezcanal-idUKKBN1JD0AF https://www.reuters.com/article/uk-egypt-economy-suezcanal-i...
- yitchelle 6y agoEgypt could claim the lost fees from the ship owner, maybe?