Suez Canal Extends Toll Cuts for Bulkers

bulker2Illustration. Image Courtesy: Pxhere under CC0 Creative Commons license

The Suez Canal Authority (SCA) has extended discounts concerning dry bulk vessels operating between American and Asian ports after considering “new changes in the global shipping market and the world economy”.

With this decision, the authority intends to encourage more vessel owners and operators to use the Suez Canal.

To remain in force until the end of 2019, the rebate will be granted to laden/ballast bulkers coming from or heading to the East Coast of North America and heading to or coming from the following areas:

  1.  Ports west of Indian subcontinent starting from Karachi up to Cochin port will be granted a reduction of 20% of Suez Canal normal tolls;
  2. Cochin port and its Eastern ports (including Far East area) will receive a discount of 60% of Suez Canal normal tolls.

In addition, discount will be given to laden or ballast dry bulk vessels coming from or heading to Savannah port and its southern ports including ports of US Gulf, Mississippi River, Caribbean sea and Latin America and heading to or coming from the following areas:

  1. Ports west of Indian subcontinent starting from Karachi up to Cochin port will get a reduction of 45% of the Suez Canal normal tolls;
  2. Cochin port and its Eastern ports including Far East area will be granted a reduction of 75% of Suez Canal normal tolls.

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