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”.
"SCA pays more attention to its users best interest, and has recently taken steps towards being the safest, most secure, most reliable and most competitive compared to other routes," said a press release.
It said that the rebate granted to (Laden/Ballast) Dry Bulk Vessels operating between Americas' ports and Asian ports, shall remain in force till the end of 2019 (the last permissible sailing date from origin port is 31 December 2019).
Laden or Ballast Dry Bulk Vessels coming from (or heading to) the East Coast of North America (ports located at the North of Savannah port) and heading to (or coming from) the following areas: a) Ports West of Indian subcontinent starting from Karachi up to Cochin port; shall be granted a reduction of 20% of Suez Canal normal tolls. b) Cochin port and its Eastern ports (including Far East area) shall be granted reduction of 60% of Suez Canal normal tolls.
Laden or Ballast Dry Bulk Vessels coming from (or heading to) Savannah port ( Latitude 32° 6' 39" N) 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: a) Ports West of Indian subcontinent starting from Karachi up to Cochin port; shall be granted a reduction of 45% of the Suez Canal normal tolls. b)Cochin port and its Eastern ports (including Far East area); shall be granted a reduction of 75% of Suez Canal normal tolls.