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Suez Canal Extends Toll Cuts for Crude Carriers

December 26, 2018


The Suez Canal Authority (SCA) has extended discounts related to oil tankers to another year after considering “new changes in the global shipping market and world economy”.

As explained, SCA aims to encourage more ships to transit the Suez Canal with this decision.

The authority decided that circular no. 1/2018 concerning crude oil tankers (laden or ballast) coming from ports of the US Gulf, Caribbean area and Latin America and heading to Asian ports, will remain in force from January 1 to December 31, 2019, after certain amendments.

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