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Suez Canal Authority Extends Discount for Various Ships & Tankers Until 2024

Suez Canal Authority Extends Discount for Various Ships & Tankers Until 2024

Posted on June 13, 2024   |  

The Suez Canal Authority has announced the continuation of discounted rates for a variety of vessels, including container ships, oil tankers, and bulk carriers, until the end of 2024. 

This extension applies to dry bulk cargo ships (both loaded and empty), shipping routes between:

  • Australian ports and those in North-western Europe, extending Northward from the Port of Cadiz
  • Ports in the East Americas region—excluding Brazilian ports—and Ports across the Asian region
  • Ports of Mauritania, encompassing southern West Africa, and the ports located in the Arabian Gulf, India, as well as the Eastern and Far Eastern regions

The concessions cover vessels classified either as "dry bulk vessels" (3L/3B) or "other vessels" (13L), also operating shipping routes between Egyptian ports on the Red Sea and ports in the Southwest African region. 

The Suez Canal Authority has announced the extension of the circular regarding LNG carriers that operate between ports on the east coast of the Americas, the US Gulf, and Asian Ports. This extension is applicable to LNG carriers navigating through the Suez Canal starting July 1.

The Authority has also prolonged shipping discounts offered to crude oil tankers (whether transporting crude oil or not) that sail between the regions of the US Gulf, the Caribbean, Latin America, and Asian ports. This measure is part of the Suez Canal Authority's ongoing efforts to enhance maritime trade connectivity and cost-efficiency.