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Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Suez Canal Extends Transit Fee Cuts until End of 2024


Thu 06 Jun 2024 | 12:48 AM
World 2nd largest container ‘MSC ISABELLA’ transits Suez Canal
World 2nd largest container ‘MSC ISABELLA’ transits Suez Canal
Taarek Refaat

The Suez Canal Authority decided to extend the discounts offered to a number of types of ships and tankers until the end of this year.

The authority said in a press statement today, Wednesday, that it was decided to extend the reduction granted to loaded or empty dry bulk cargo ships operating between the ports of Australia and the ports of northwestern Europe, starting with the port of “CADIZ,” and to continue the discounts granted to dry bulk cargo ships (loaded/empty) that operate between the ports of Australia and the ports of northwestern Europe. It operates between the ports of the Eastern Americas region up to the ports of the State of Brazil on the one hand and the ports of the Asian region on the other hand.

It also decided to continue the reduction granted to dry bulk cargo ships (loaded/empty) operating in both directions between the ports of the State of Mauritania (and its south in West Africa) on the one hand, and the ports of the Arabian Gulf, India, its east, and the Far East on the other hand.

The navigational circulars issued by the Authority today clarified the extension of the reduction granted to dry bulk cargo ships [loaded/empty] (whether to which the “dry bulk ships” (3L/3B) fees category or the “other ships” fees category (13L) operating between Egyptian ports on the Red Sea on the one hand, and ports in the southwest African region on the other hand.

The Authority also decided to extend the circular for LNG tankers (loaded/empty) operating between the ports of the East Coast of the Americas and the ports of the American Gulf on the one hand and the ports of Asia on the other hand, for LNG tankers crossing the Suez Canal as of the first of next July.

The authority extended the reduction granted to crude oil tankers (loaded with crude oil or empty) operating between the American Gulf regions, the Caribbean region, and Latin America on the one hand, and Asian ports on the other hand.

As for liquefied petroleum gas tankers, the Authority decided to extend the reduction granted to tankers (loaded or empty) operating between the ports of the eastern coast of the Americas and the American Gulf on the one hand, and the ports of India and its eastern regions on the other hand.

The Authority decided to extend the reduction granted to tankers loaded with “petroleum derivatives” (2L fee category) operating between the regions of the American Gulf, the Caribbean region, and Latin America on the one hand, and ports in Asia on the other hand.

The reduction granted to tankers of chemicals and other liquids loaded (6L fee category) / empty (6B fee category) operating between the American Gulf (starting from the Port of Miami and the ports located west of it within the American Gulf) and the ports located south of the American Gulf on the one hand and the regions of India and beyond was extended. East on the other hand.

The Authority decided to extend the discounts granted to loaded or empty container ships coming from the eastern coast of the Americas and the American Gulf and heading directly to the regions of South Asia and Southeast Asia, and to extend the exemption granted to container ships (loaded/empty) coming directly from the ports of northwestern Europe (in addition to the port of Tangier). Starting from the port of (Algeciras) and heading directly to the port of (Port Klang) and the eastern ports of Southeast Asia and the Far East, the increase in normal transit fees by 15%.

The Authority also decided to extend the reduction granted to car carrier ships (loaded/empty) that operate directly in both directions between the ports of the East Coast of the Americas and the American Gulf on the one hand, and the ports of the Far East and Southeast Asia (starting from Port Klang and its east) on the other hand.