Suez Canal Cuts Tolls for Boxships on US East Coast-SE Asia Route

Image Courtesy: Dredging Suez Canal

The Suez Canal Authority has decided that container ships coming from Port of New York and its southern ports heading to South East Asian ports, such as port of Port Kelang and its eastern ports, shall be granted a reduction of 30% of the Suez Canal normal tolls.

Any company wishing to benefit from the reduction has to submit a request before sailing through its shipping agency, the authority said.

The eligibility conditions also stipulate that the vessel must not call any port in between aforementioned two areas provided that vessel’s operator forward a formal declaration about that.

The toll cut took effect on March 7th and is going to be in force for 90 days, ends on June 5, 2016, GAC Egypt said, adding that the reduction is to be renewed.

Based on the authority’s data, during 2015 traffic in the Suez Canal recorded an increase in the number of transiting vessels and total net tonnage, as 17,483 vessels transited the Suez Canal, an increase of 2% compared to 2014. The net tonnages transported through 2015 registered 998.7 million tons in 2015 an increase of 3.7% compared to 2014.

Moreover, the Suez Canal Authority data indicate that the total tonnage of vessels traveling between the East Coast of the United States and the Far East through the Suez Canal has surged from 5 million tons in 2005 to 60 million tons in 2015. That is 12 times higher in 10 years, and is attributed to the Suez Canal’s ability to accommodate the world’s largest ships.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2017 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Maritime Information Warfare 2017

Maritime Information Warfare will focus on the growing need for navies to develop their information exploitation capabilities…

read more >

INTERNATIONAL GREEN SHIPPING AND TECHNOLOGY SUMMIT

The Summit will gather key marine experts and companies around the globe which have a big influence in the industry…

read more >

The CWC 18th Annual World LNG Summit & Awards Evening

The CWC World LNG Summit will continue to give you access to premium networking opportunities as it brings together the who’s who…

read more >

Marintec China 2017

The largest maritime event in Asia Pacific, Marintec China connects maritime professionals from the entire shipbuilding supply chain together.

Over the years, Marintec China has grown to reflect the size and importance of the Asian maritime market. 2015 event is another record-breaking edition with the largest exhibition area and the highest number of industry professionals attending ever. The encouraging figures proven that China remains one of the major shipbuilding nations and Marintec China has been the most authoritative platform in Asia.

With the maritime industry facing great opportunities but also many challenges, it is important for the industry to connect and engage more to ultimately win new business in globally-significant markets. A visit to Marintec China is a great way to learn about the latest technology and innovation of the supply industry, a platform for industry professional to meet face to face, make connection and do business.

Marintec China is poised to be the definitive event and is undoubtedly a must-attend for all involved in the maritime industry.

Marintec China will be held from 5 to 8 December 2017 at the Shanghai New International Expo Centre in Shanghai, China and continue its dedication to serve as the “LEADING” platform “CONNECTING” the community and “STRENGTHENING” the maritime industry.

Marintec China offers the perfect opportunity for companies serving the maritime market to showcase their innovations, products and services to a wide audience. A platform for face to face meetings in business, creating new relationships and consolidating existing ones.

More info

read more >