After announcing an interest in providing advance payment systems for carriers passing through the Suez Canal, Egypt has been in talks with A.P Moller-Maersk about the new toll system, reported Reuters.
PTI previously reported that Maersk, CMA CGM and MSC had been in negotiations with the Suez Canal Authority over the proposed changes to fees; the shipping lines could receive a discount for being charged in advance for three to five years.
A Maersk Line representative released the statement that confirmed Maersk primarily had been in talks regarding the new system, and may back it in a bid to provide some relief to the financial state of the Shipping industry.
The spokesman said: “They have proposed a new payment method and presented it to us, and we are looking at it now.”
Since the Egypt revolution the nation has struggled to maintain their acquisition of foreign currency, and the Suez Canal is a vital source of this, the proceeds of the canal is expected to double by 2023 following the completion of the waterway expansion.