The Suez Canal Authority (SCA) is extending rebates for LNG carriers transiting the waterway on voyages between US to Asia.

The Suez Canal Authority (SCA) is granting rebates of up to 75% for product tankers transiting the waterway while on voyages between the US Gulf and Caribbean ports and Asia.

The Suez Canal Authority (SCA) has reported 10-year revenues of $50.9bn.

The Suez Canal Authority has seen a jump in first quarter revenues at a faster rate than the growth in vessel transits.

Tolls for vessels using the Suez Canal are set to rise by 15% next year with the exception of dry cargo and cruise ships which will increase by 10%.

The International Chamber of Shipping (ICS) and the Suez Canal Authority (SCA) have formalised dialogue with the signing of an MoU on safety, pricing and carbon reduction.

An extended blockage of the Suez Canal forcing container lines to reroute all services via the Cape of Good Hope would require an additional 6% of global fleet capacity according to analysts Sea Intelligence.