GlossaryEN1 min readUpdated: Jun 18, 2026
Suez Canal Fee
Carriers and freight forwarders treat the Suez Canal fee as a fixed element of voyage costs whenever ships transit the Egyptian waterway connecting the Mediterranean to the Red Sea.
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Source: https://www.suezcanal.gov.eg
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Definition & Explanation
Carriers and freight forwarders treat the Suez Canal fee as a fixed element of voyage costs whenever ships transit the Egyptian waterway connecting the Mediterranean to the Red Sea. The Suez Canal Authority (SCA) calculates the toll based on vessel type, tonnage, and loading condition; rates are periodically revised and invoiced in Special Drawing Rights (SDR). Unlike the Panama Canal toll, convoy assignment also affects scheduling. The Suez Canal is one of the world's busiest shipping corridors – fee increases or closures, as the 2021 Ever Given incident demonstrated, ripple through spot freight rates and supply chains almost immediately.
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Situation
Situation hub: Red Sea, Suez and Hormuz
Current situation, transit impact and next steps — sourced, no unsourced claims.
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Situation hub: Panama Canal
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