The Suez Canal Authority (SCA) has moved towards additional discounts concerning dry bulk vessels operating between American and Asian ports after thinking of new changes in the global shipping market and the global economy.
Specifically, with this decision SCA aspires to encourage more vessel owners and operators to use the Suez Canal, according to local sources.
In order for the discount to remain in force until late 2019, the rebate will be given to laden/ballast bulkers coming from or heading to the East Coast of North America and heading to or coming from the following areas:
- Ports west of Indian subcontinent starting from Karachi up to Cochin port will be granted a reduction of 20% of Suez Canal normal tolls;
- Cochin port and its Eastern ports (including Far East area) will receive a discount of 60% of Suez Canal normal tolls.
Moreover, discount will be also given to laden or ballast bulk vessels transmitting from or 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:
- Ports west of Indian subcontinent starting from Karachi up to Cochin port will get a reduction of 45% of the Suez Canal normal tolls;
- Cochin port and its Eastern ports including Far East area will be granted a reduction of 75% of Suez Canal normal tolls.
