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>

<< Apr 2018 >>
MTWTFSS
26 27 28 29 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 4 5 6

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

Singapore Maritime Week 2018

Singapore Maritime Week (SMW), organised annually by Maritime and Port Authority of Singapore (MPA) and attracts…

read more >

DANISH MARITIME TECHNOLOGY CONFERENCE 2018

DMF is part of the “Danish Maritime Days” – a concept, which integrates under the same umbrella a multitude of activities dedicated…

read more >

OPENING OCEANS CONFERENCE 2018

This conference brings together the maritime industry and the emerging ocean industries to discover common pathways for sustainable…

read more >