Suez Canal Cuts Boxship Fees to Attract More Traffic

Image Courtesy: Dredging Suez Canal

In an effort to “meet the desire” of ship owners and operators and attract more vessels, the Suez Canal Authority has decided to cut tolls for selected container ships.

According to the Suez Canal Authority, container ships coming from port of Norfolk and its northern ports heading to the Port of Kelang and its eastern ports, would be granted a reduction of 45% of the Suez Canal normal tolls.

Furthermore, boxships sailing from ports south of port of Norfolk and heading to Port of Kelang and its eastern ports would be granted reduction of 65%, while vessels heading to Port of Colombo and its eastern ports, located just up to port of Port Kelang, would see a discount of 55% of Suez Canal normal tolls.

To benefit from this circular, the companies have to submit a request before sailing through its shipping agency, the authority added.

“The ship must not call any port in between port of origin and port of destination for commercial purposes provided that ship’s operator must forward a formal declaration about that. In case of calling at in-between ports for non-commercial purposes, the authorities of these ports have to submit a certificate to the SCA, stating the reasons of calling,” Suez Canal Authority said.

A certificate from the last port of origin stating the date of sailing and a certificate from the first port of arrival stating date of arrival should be submitted within sixty days from the date of the canal transit.

The toll cut took effect on June 6, 2016, and is going to be in force for 90 days, until September 3, 2016, GAC Egypt said, adding that the reduction is to be renewed.

In April, 2016, the Suez Canal Authority granted a reduction of 30% of the Suez Canal normal tolls for 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.

During 2015, 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, according to the authority’s data. The net tonnages transported through 2015 registered 998.7 million tons in 2015 an increase of 3.7% compared to 2014.

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2017 >>
MTWTFSS
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 4

CWC World LNG & Gas Series: Americas Summit

Now in its 15th year, the CWC World LNG & Gas Series: Americas Summit is the longest running LNG event in the Americas region.

Bringing together the key players in the LNG & gas value chain in both the Americas region and globally, this is the perfect place to make new contacts, do deals and get essential updates on the market.

This year we return to Houston, TX once again on 20-23 June 2017 – the heart of the energy industry, making it easier than ever to access they key players in your business.

More info

read more >

Nor-Shipping 2017

Nor-Shipping is the leading maritime event week. Their top-quality exhibition, high-level conferences and prime networking opportunities…

read more >

2ND ANNUAL PORTS AND TERMINALS INSURANCE SEMINAR

DETAILED GUIDANCE ON HOW THE INSURANCE MARKET IS CHANGING, HOW RISKS ARE ASSESSED AND WHAT…

read more >

2ND ANNUAL ADVANCED CHARTERING MASTERCLASS

The Advanced Chartering Masterclass will focus on the particularly difficult issues in charterparty agreements and our experts will help you find solutions…

read more >