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.
IOS Press, Inc.
6751 Tepper Drive
Clifton, VA 20124
Tel.: +1 703 830 6300
Fax: +1 703 830 2300 email@example.com
(Corporate matters and books only) IOS Press c/o Accucoms US, Inc.
For North America Sales and Customer Service
West Point Commons
Lansdale PA 19446
Tel.: +1 866 855 8967
Fax: +1 215 660 5042 firstname.lastname@example.org