A 30% discount on port, docking and guiding fees will apply for vessels carrying less than 80,000 tonnes while those carrying more than that will receive a 40% discount, Reuters reported.

Vessels carrying more than 50 containers will be eligible for a discount of up to 60%, but both rates cannot be applied at the same time, the statement added.

The Suez Canal is the fastest shipping route between Europe and Asia and one of the Egypt's main sources of foreign currency.