Suez Canal Extends Arrangement for VLCCs

Image Courtesy: Tanker Investments

The Suez Canal Authority has decided to extend the arrangement for very large crude carriers (VLCCs) coming from the Arabian Gulf or Caribbean Zone on a round trip and transiting the canal after discharging part of their cargo in the SUMED line until December 31, 2017.

The arrangement for VLCCs over 250,000 dwt was previously introduced in June 2016 for an experimental period of 6 months.

Under the deal, any VLCC coming from south is set to pay a lumpsum of USD 155,000, including charges for tugs, arrival after limit time and booking in the convoy.

Additionally, the Suez Canal Authority said that a VLCC is to pay a lumpsum of USD 230,000, including aforementioned charges, on its return ballast trip.

The authority added that “any company wishing to benefit from this arrangement must submit a request before transit through its Maritime Agency.”

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 >