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Tuesday, 6 June 2017

Egypt to unify port fees around the country

Egypt to harmonize port fees nationwide: Transport Minister Hisham Arafat and Suez Canal Economic Zone chief Mohab Mamish agreed to set standard fees for Egyptian ports to eliminate competition between them, AMAY reported on Monday. No further detail was given on what the new unified price would be, but the question for the industry will clearly be whether this is a prelude to an across-the-board hike in port fees similar to the one we saw in March. At the time, five major shipping lines suspended operations at East Port Said Port a fee hike there.

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