1. What's the reason for the toll increase?
According to the statement, starting from next year1October 65438+, the tolls of cruise ships and dry cargo ships will be raised by 10%, and the tolls of other ships will be raised by 15%. Rising energy prices and freight rates are the main reasons for the increase in tolls. Suez Canal is located at the junction of Europe, Asia and Africa, connecting the Red Sea and the Mediterranean Sea. Canal revenue is one of the main sources of Egypt's national fiscal revenue and foreign exchange reserves.
2. What will be the impact of increasing ship tolls?
For the shipping company, it means that the cost has gone up again. Of course, they can pass on the rising costs to freight forwarders and shippers, which means that the prices of import and export commodities will also rise. Affected by the global COVID-19 epidemic and the Federal Reserve's monetary easing policy, the prices of bulk commodities and sea freight in the international market have been rising all the way, global inflation is taking place, and most consumer goods are increasing in price. Due to the impact of the COVID-19 epidemic, the manufacturing industry was underemployed, the economy declined, the unemployment rate increased, and most of the daily necessities needed were imported, so imported inflation was greatly affected and prices rose greatly.
3. The importance of Suez Canal
Suez Canal is located at the junction of Europe, Asia and Africa, connecting the Red Sea and the Mediterranean Sea, accounting for about 65,438+00% of global maritime trade. Canal revenue is one of the main sources of Egypt's national fiscal revenue and foreign exchange reserves. The data shows that the number of ships passing through the Suez Canal has increased from 18830 in 2020 to 20694 and 5438+0 in 2026, that is, more than 56 ships cross the border every day. Despite the COVID-19 epidemic, long words? Affected by many factors, such as the blockage of the waterway by the cargo ship 202 1, the Suez Canal still achieved record profits.
Postscript: Fortunately, due to the better control of the epidemic, China has already resumed production, so the operating rate of the manufacturing industry is relatively sufficient. While satisfying the domestic market, it can also be exported in large quantities. The main imports are bulk commodities and integrated circuits, which are less affected by the expansion of import customs clearance and the price increase is limited.