Suez Canal Authority offers 40-75% break on select transit charges

The Suez Canal Authority is offering a 40% break on transit fees for laden dry bulk ships heading from South African ports to Mediterranean ports and a 75% break for ships heading from East and South Australia to ports in in northwest Europe, Al Borsa reports. The authority said on Thursday the new rates, good until 31 December 2017, aim to increase traffic in the waterway.