Suez Renews Discounts for Box Carriers

Thursday January 12, 2017

The Suez Canal Authority (SCA) Wednesday announced that it will be extending its discounts to container ships, which were originally announced in June 2016, until June 30, 2017.

As Ship & Bunker previously reported, SCA announced that container ships coming from Port of Norfolk and its northern ports heading to the ports of Port Kelang and its eastern ports can receive 45 percent discount off normal Suez Canal tolls.

Container ships travelling from ports south of Norfolk to Port Kelang and its eastern ports, are eligible for a 65 percent from the Suez Canal normal toll rates.

Further, container ships coming from ports south of Port of Norfolk bound for the Port of Colombo and its eastern ports are eligible for a 55 percent discount off normal tolls.

SCA says the renewal is in line with the authority's flexible pricing policy and comes in consideration of the SCA's current dialogue with the shipping lines.

In October, Ship & Bunker reported that SCA, along with the Central Bank of Egypt (CBE), was in negotiations with several international shipping companies, including Maersk Line (Maersk), CMA CGM S.A. (CMA CGM), Mediterranean Shipping Company S.A. (MSC), Hapag-Lloyd AG (Hapag-Lloyd), China Ocean Shipping (Group) Company (COSCO), and Evergreen, for the prepayment of transit fees three to five years in advance