Suez Slashes Discount for LNG Carriers

Transit dues for 2015 will remain unchanged from those valid in 2014, with the exception of the discount for LNG carriers’ transit, the Suez Canal Authority said on Wednesday.

As informed by GAC Egypt, as of May 1st, 2015, the discount for LNG carriers’ transit tolls will be 25%, down from 35%.

The reason behind the decision to cut the discount remained undisclosed.

Authority Chairman Mohab Mahmish told a press conference that the canal revenues in 2014 reached USD 5.45 billion,  an increase of 6.8 % when compared to the figures from 2013, Reuters reports.

The canal closed the year with a total of 962.7 million tonnes that transited the canal.

In early August 2014, Egypt’s president, Abdul Fatah al-Sisi, announced plans for the New Suez Canal.

The New Suez Canal will partially run in parallel to the current waterway and entail widening and deepening of existing parts thereof.

Dredging works on the extension are already in full swing.

The decision comes as Panama Canal endeavors to tap into the potential of LNG carrier transits.

The ACP proposed a new toll structure in January, including tolls for LNG vessels, providing an incentive for the new LNG segment.

World Maritime News Staff


Share this article

Follow World Maritime News

In Depth>


<< Apr 2020 >>
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

Seawork 2020

Seawork is Europe’s leading commercial marine and workboat exhibition, providing businesses the opportunity…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >

Europort Romania

Europort Romania is the premier maritime networking event of the Black Sea and will connect maritime technology and service suppliers with high level professionals from Romania and surrounding shipbuilding markets.

More info

read more >