{"id":559766,"date":"2021-02-03T04:14:50","date_gmt":"2021-02-03T04:14:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/03\/us-lng-carriers-%e2%9d%a4-suez-canal\/"},"modified":"2021-02-03T04:14:50","modified_gmt":"2021-02-03T04:14:50","slug":"us-lng-carriers-%e2%9d%a4-suez-canal","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/03\/us-lng-carriers-%e2%9d%a4-suez-canal\/","title":{"rendered":"US LNG carriers \u2764 Suez Canal"},"content":{"rendered":"

Suez Canal beating out Cape as Panama alternative for US LNG shippers:<\/strong> The Suez Canal in recent weeks has been the preferred shipping route for US LNG carriers heading to East Asia and looking to avoid a highly congested Panama Canal, according to Argus Media<\/a>. Shippers are finding that the shorter journey offered by Suez offsets the toll they\u2019ll have to pay by choosing the canal over rounding the Cape of Good Hope.<\/p>\n

The discounts are paying off: <\/strong>The Suez Canal Authority is offering<\/a> up to 75% off the crossing toll to LNG carriers traveling between the Gulf of Mexico and East Asia until at least June, reducing the fee for a standard size ship to USD 99k from USD 397k. The idea is to draw in shippers as global manufacturers are struggling with delays and experiencing major bottlenecks and disruptions due to the pandemic. The authority also has similar schemes in place for liquefied petroleum gas ships<\/a> and oil tankers<\/a>.<\/p>\n

A shortage of ships is also playing a part:<\/strong> A lack of available vessels will likely encourage shipping firms to opt for shorter journey times in order to ensure they are able to meet their loading schedules.<\/p>\n

MEANWHILE- <\/strong>The Canal isn\u2019t expecting a significant impact on its revenues from the <\/strong>reactivation of the <\/strong>Eilat-Ashkelon gas pipeline<\/a><\/strong>, Suez Canal Authority boss Osama Rabie told Ala Mas\u2019ouleety\u2019s Ahmed Moussa yesterday (watch, runtime: 13:57<\/a>). Although some 66% of oil sent from the GCC to western countries is shipped through the Suez Canal or the Sumed pipeline linking Alexandria to the Red Sea, Rabie doesn\u2019t expect that the pipeline will entirely replace the Canal \u2014 and stressed that oil tankers passing through the Canal only account for some 0.6% of total traffic.<\/p>\n

BACKGROUND- <\/strong>Israel and the UAE had signed an MoU late last year to use the pipeline to bypass the Canal<\/a> and connect the Red Sea to the Mediterranean, allowing the consortium of Emirati and Israeli companies to use a \u201cland bridge\u201d to ship oil between countries in the region through a route that could save time and fuel compared to the Suez Canal.<\/p>\n","protected":false},"excerpt":{"rendered":"

Suez Canal beating out Cape as Panama alternative for US LNG shippers: The Suez Canal in recent weeks has been the preferred shipping route for US LNG carriers heading to East Asia and looking to avoid a highly congested Panama Canal, according to Argus Media. Shippers are finding that the shorter journey offered by Suez […]<\/p>\n","protected":false},"author":1,"featured_media":559767,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9935],"tags":[93,72,9934,7103],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shipping","tag-energy","tag-enterpriseam","tag-shipping","tag-suez-canal","wpautop","entry"],"acf":{"mongo_id":"64991da9-28f7-4e47-96f0-b9c893c2252b","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/2\/63.jpg","photo_position":"above","related_issue":[559753],"teaser":"","voice_url":""},"yoast_head":"\nUS LNG carriers \u2764 Suez Canal - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/03\/us-lng-carriers-\u2764-suez-canal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US LNG carriers \u2764 Suez Canal\" \/>\n<meta property=\"og:description\" content=\"Suez Canal beating out Cape as Panama alternative for US LNG shippers: The Suez Canal in recent weeks has been the preferred shipping route for US LNG carriers heading to East Asia and looking to avoid a highly congested Panama Canal, according to Argus Media. 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The decision to effectively hike fees for LNG carriers comes amid the global shortage of natural\u2026","rel":"","context":"In "Suez Canal"","block_context":{"text":"Suez Canal","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/suez-canal\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568295,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/24\/lng-carriers-get-break-on-suez-transit\/","url_meta":{"origin":559766,"position":1},"title":"LNG carriers get break on Suez transit","author":"enterpriseam admin","date":"24 December 2020","format":false,"excerpt":"LNG carriers traveling between the US and SouthEast Asia will continue to receive 30-75% off their Suez Canal transit fees for an additional six months after the Suez Canal Authority extended its incentive scheme through 1 June 2021, Al Mal reports.Who gets what? 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The breaks will run through December.Container ships and bulk carriers travelling between\u2026","rel":"","context":"In "Suez Canal"","block_context":{"text":"Suez Canal","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/suez-canal\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/292.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":676315,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/27\/govt-readies-usd-1-bn-suez-canal-bunkering-stations-project\/","url_meta":{"origin":559766,"position":4},"title":"Gov\u2019t readies USD 1 bn Suez Canal bunkering stations project","author":"enterpriseam admin","date":"27 November 2025","format":false,"excerpt":"The move aims to reshape the toll-based nature of the Suez Canal into a logistics services powerhouse","rel":"","context":"In "Logistics"","block_context":{"text":"Logistics","link":"https:\/\/enterpriseam.com\/egypt\/category\/logistics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/11\/2063.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568255,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/23\/the-suez-canal-is-preparing-for-another-trade-slowdown\/","url_meta":{"origin":559766,"position":5},"title":"The Suez Canal is preparing for another trade slowdown","author":"enterpriseam admin","date":"23 December 2020","format":false,"excerpt":"More breaks at the Suez Canal: Liquified petroleum gas shippers will continue to pay lower Suez Canal transit fees until June 2021 as the government tries to support revenues as the pandemic continues to sap trade, the Suez Canal Authority said, according to Al Mal. 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