With this decision, the authority intends to encourage more vessel owners and operators to use the Suez Canal.
To remain in force until the end of 2019, the rebate will be granted to laden/ballast bulkers coming from or heading to the East Coast of North America and heading to or coming from the following areas:
- Ports west of Indian subcontinent starting from Karachi up to Cochin port will be granted a reduction of 20% of Suez Canal normal tolls;
- Cochin port and its Eastern ports (including Far East area) will receive a discount of 60% of Suez Canal normal tolls.
