Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

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-i...



Egypt could claim the lost fees from the ship owner, maybe?




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: