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Suez Canal relaxes rules for ballasting LNG carriers

The Suez Canal Authority (SCA) has relaxed the requirements for residue cargo requirements for liquefied natural gas (LNG) carriers to benefit from ballasting due rates.

In a circular the SCA said that to meet the desires of owners and to encourage more LNG vessels to transit the canal it had amended its navigation rules from 1 July this year.

Under the amendment the amount of residue cargo that can be carried by an LNG vessel and still qualify for a ballast vessel dues has increased from 2% of summer deadweight to 5%.

The SCA has introduced a number of discounts for vessels of different types, in particular to encourage the use of canal for backhaul voyages.

Read more: Suez Canal rolls out rebates for crude tankers from US Gulf, Caribbean and Latin America to Asia

Suez Canal extends bulker toll discounts for 2018

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