The Suez Canal is an artificial sea-level waterway connecting the Mediterranean Sea and the Red Sea through Egypt. Tolls paid by the vessels passing through the Canal represent an important source of income for the Egyptian Economy. The current philosophy of SC tolls is based on calculating the tolls as a percent of the vessels' Suez Canal Net Tonnage. The current research recommends making use of the recent international regulations enforced, particularly the Energy Efficiency Design Index (EEDI), and the timely published international indices for the charter rates and bunker prices for calculating the SC tolls on a case by case basis to respond to the market fluctuations, maximize SC income, and increase potential customers. Bulk Carriers are taken as a case study to compare between the enforced tolls philosophy and the savings calculated using the suggested method, and to study the relevant importance and sensitivity of the parameters used in the calculations in order to reach a base for developing a new toll policy.
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