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Suez Canal new and increased rebates for boxships and LNG carriers

The Suez Canal Authority (SCA) is introducing new and enhanced toll rebates for containerships and LNG carriers.

Marcus Hand, Editor

April 2, 2020

1 Min Read
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The Suez Canal Authority (SCA) is introducing new and enhanced toll rebates for containerships and LNG carriers.

For containerships on the backhaul from Northwest Europe, including the Med ports of Tangier and Algeciras transiting the Suez Canal and heading direct for southeast Asia calling Port Klang, Malaysia eastwards will be granted a 6% reduction in tolls.

The rebate is from 1 April till 30 June this year.

Given current low bunker fuel prices container lines could switch to making the longer backhaul voyage via the Cape of Good Hope rather than paying tolls for the shorter route via the Suez Canal.

Meanwhile the SCA is increasing the rebate on tolls for LNG carriers using the canal to 30% from 25% for the same three-month period.

Read more about:

Suez Canal Authority

About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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