{"id":568295,"date":"2020-12-24T04:06:56","date_gmt":"2020-12-24T04:06:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/24\/lng-carriers-get-break-on-suez-transit\/"},"modified":"2020-12-24T04:06:56","modified_gmt":"2020-12-24T04:06:56","slug":"lng-carriers-get-break-on-suez-transit","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/24\/lng-carriers-get-break-on-suez-transit\/","title":{"rendered":"LNG carriers get break on Suez transit"},"content":{"rendered":"

LNG carriers traveling between the US and SouthEast Asia will continue to receive <\/strong>30-75% off their Suez Canal transit fees<\/strong> for an additional six months after the Suez Canal Authority extended its incentive scheme through 1 June 2021, Al Mal<\/a> reports.<\/p>\n

Who gets what?<\/strong> Natural gas carriers running from Gulf and Indian ports will see regular fees slashed by the same margins. Gulf carriers will pay 35% less, while ports located between India and Singapore will get a 55% break and carriers out of Singapore and other Far East ports will get a 75% break.<\/p>\n

LNG joins oil and LPG:<\/strong> The authority earlier this week extended a similar scheme for liquefied petroleum gas ships<\/a> and slashed fees for oil tankers<\/a> as it anticipates a slowdown in international trade caused by the latest flare-up of covid.<\/p>\n

The SCA has the right idea: <\/strong>Global manufacturers are struggling with postponed shipments due to the pandemic, experiencing major bottlenecks and disruptions in trade flows leading to losses in product supply, writes Reuters<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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? Natural gas carriers running from Gulf and Indian ports will see […]<\/p>\n","protected":false},"author":1,"featured_media":568296,"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":[72,91,9934,7103,133],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-568295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shipping","tag-enterpriseam","tag-oil-and-gas","tag-shipping","tag-suez-canal","tag-suez-canal-authority","wpautop","entry"],"acf":{"mongo_id":"ed4bfa24-0a5b-4a8d-a214-4f3879d537cb","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/12\/418.jpg","photo_position":"above","related_issue":[568282],"teaser":"","voice_url":""},"yoast_head":"\nLNG carriers get break on Suez transit - 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\/2020\/12\/24\/lng-carriers-get-break-on-suez-transit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LNG carriers get break on Suez transit\" \/>\n<meta property=\"og:description\" content=\"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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