Back to the complete issue
Wednesday, 26 December 2018

Egypt’s SCA considering cutting fees across all of its six ports

The Suez Canal Authority (SCA) is looking at cutting transit and mooring fees on cargo ships across all of its six ports, after doing the same for the East Port Said Port, SCA boss Mohab Mamish said. We had reported in October that the East Port Said decision came after an alliance of major shipping companies boycotted the port on the back of the authority’s 100% hike in fees. The authority had also reportedly reduced the fees for docking and transiting through Ain Sokhna Port. The SCA is moving to reduce prices in a bid to remain competitive in the region.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2021 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of Commercial International Bank (tax ID: 204-891-949), the largest private-sector bank in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; and Act Financial (tax ID: 493-924-612), the leading activist investor in Egypt; and Abu Auf (tax ID: 584-628-846), the leading health foodmaker in Egypt and the region.