Suez Canal Authority renews tariff discounts for 2018

Discounts on fees for container ships, dry bulk carriers, and oil tankers passing through the Suez Canal will be extended for an additional year, the Suez Canal Authority announced, Al Mal reports. Dry bulk carriers traveling from South Africa to Mediterranean ports or vice versa will see their tolls slashed by 40-50%, depending on the Mediterranean port, while dry bulk carriers traveling between Australia and west Europe will receive tariff cuts of as much as 75% until the end of December 2018. Carriers traveling between the US’ east coast and southeast Asia are eligible for 55-65% discounts until the end of June. Oil tankers will also receive discounts if traveling between the Arabian Gulf and the US’ Gulf Coast.