Yeah, the Suez canal is extermely imlportant for the just-in-time-production that dominates our economy, and also a lot of oil passes there. But Egypt also has the largest population of all the Arab nations, and a large cultural influence in the Arab world, so that's a second reason I think.
that conflicts with what I'm seeing on wikipedia :
The most expensive regular toll for canal passage to date was charged on April 14, 2010 to the cruise ship Norwegian Pearl, which paid US$375,600. The average toll is around US$54,000.
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Also some ships gotta go from Ivory Coast to Australia.
Why is so expensive? Taxes?
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No wonder Cairo is a CIA hotspot
Yeah, the Suez canal is extermely imlportant for the just-in-time-production that dominates our economy, and also a lot of oil passes there. But Egypt also has the largest population of all the Arab nations, and a large cultural influence in the Arab world, so that's a second reason I think.
"Come to Cairo, where you can incite cultural tensions and plan military invasions all in the same place!"
fReE mArKeT eFfIcIeNcY
the canal charges a fee of around half a million I think
EDIT: looks like the average was around $300k for 2020 , but it's size dependent so it's probably closer to half a mill for huge ships like this
:porky-happy:
FUCK
That's bizarre considering the panama canal costs at most 10 grand for the largest ships.
edit: I'm wrong, and wow canal fess are fucking complicated holy shit.
that conflicts with what I'm seeing on wikipedia :
I think I was looking at the ship length fee, not the tonnage fee that's on top of the ship fee.
I tried to look up the fee structure directly and wow is that shit complicated
https://www.pancanal.com/eng/op/tariff/1010-0000-Rev17Mar2021.pdf