Egypt rolling out incentives for vessels to call its ports

Suez Canal Authority

Egypt is rolling out incentives for ships that call its ports and transit the Suez Canal.

According to shipping agents GAC the Egyptian government has announced a package of incentives and discounts up to 45% on fees for navigational aids and lighthouses for vessels calling at Egyptian ports and transiting the Suez Canal.

The initiative aims to increase the number of vessels calling at Egypt’s ports and attract major container shipping alliances to call at the country’s terminals. According to GAC there will be a reduction in procedures and paperwork for the transhipment of containers and bunkering.

The new incentives are also designed to stop the duplication of fees related to canal transit and other port dues.

Posted 26 July 2019

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Seatrade ShipTech Middle East 2019

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Marcus Hand

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Editor, Seatrade Maritime News Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with nearly two decades of experience covering the shipping industry in Asia. In addition to running Seatrade's maritime and offshore news website based from Singapore he is the Asia Editor of Seatrade Maritime Review. Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Prior to joining Seatrade at the beginning of 2010 Marcus worked for shipping industry journal Lloyd's List for a decade and previous to that the Singapore Business Times covering shipping and aviation.

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