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

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>

<< Oct 2019 >>
MTWTFSS
30 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 31 1 2 3

CrewConnect Global 2019

CrewConnect Global is the leading forum for collaboration to advance new industry approaches to seafarer recruitment and training.

read more >

The 5th CWC China LNG & Gas International Summit

Gain Access to Global LNG & Gas Decision Makers in China

Take a peek inside our 2019 Introductory Brochure and stay on top of this rapidly developing market.

See who is already working with us this year as Speakers, Sponsors and Partners – download your Preview Brochure today and meet them in Beijing on 15-16 October 2019.

As the world’s second largest LNG importer, China will remain the biggest contributor to global LNG demand growth in the foreseeable future. Network with global LNG & gas decision makers, buyers, NOCs and Government Officials at the industry’s leading international event in China.

More info

read more >

CEDA Dredging Days 2019

CEDA Dredging Days programme will follow its successful format of contributed peer-reviewed…

read more >

Offshore Wind Europe 2019

#OWEU19 is a meeting place for governments, developers and suppliers to grow the confidence in wind power. Perfect to grow your business by securing new customers, meeting officials and industry heads.

read more >