Egypt Cuts Canal Fees to Bring Ships After Trump-Houthi Deal
Ships sail along the Suez Canal near Ismailia, on April 16.
Photographer: Khaled Desouki/AFP/Getty Images
Egypt cut fees for some vessels crossing the Suez Canal, seeking to revive the critical trade route after the US agreed to a ceasefire with Yemeni militants attacking Red Sea shipping.
Container ships with a net tonnage of at least 130,000 tons, laden or empty, will be able to pay 15% less for a period of 90 days, the Suez Canal Authority said Tuesday.